Lunafi - 1099 Tax Write-offs vs Income Tax Calculator: TaxMode Usage & Stats
Start your free trial now! Manage your finances effortlessly with Lunafi, if you are a self-employed freelancer, independent contractor, consultant, or a small business owner.
ACCOUNTING & TAXES
- Expense Tracker: Classifying your transactions as a business expense with a single tap makes expense tracking easy.
- 1099 tax calculator: See the estimation for your 1099 tax and federal income taxes for your freelance business with the self-employed tax calculator feature. Lunafi tax estimation works as a freelance tax calculator or a gig worker tax calculator.
- Tax savings: See how much you will save from self-employed taxes with 1099 deductions without knowing IRS's tax deduction rules.
- 1099 write-offs: See suggested tax write offs personalized to your profession.
- Reports: Generate Profit & Loss and Expense Reports and send the reports via email.
- Automated tasks: Create rules for your regular business expenses to classify upcoming transactions automatically. Mark your accounts as business to auto classify every transaction.
MOBILE INVOICE GENERATOR
- Create professional-looking invoices in under a minute with our invoicing tool.
- Schedule invoices for a future date or save them as a draft.
- Check invoice status
- Send payment reminders to your clients
FINANCIAL INSIGHTS
- All transactions in one place: Connect your checking, credit card, and Paypal accounts securely or add transactions manually to start managing your accounting, expenses, and business income.
- Health Insights: Take a look at your most important numbers related to your business in monthly, quarterly, and yearly breakdowns.
- Income goals: Set an income goal for the year and track your progress and your projected contractor tax estimation when you will reach your goal.
- Categorize your income: Categorize your business income correctly if you have both full-time and side jobs.
- Earnings by client: Add clients to your income and see who is your best paying client.
Your data is secure with read-only access to your financial institutions through Plaid, and all network traffic is encrypted. Lunafi does not store your online banking credentials.
Lunafi does not provide tax advice or tax preparation, legal or accounting services of any kind to any individual.
Lunafi expense tracker and invoice maker is for Consultants, Graphic Designers, Photographers, Writers, Art Directors, Hair Stylists, Estheticians, Customer Service professionals, Small Business Owners, Online Sellers, Content Creators, Cleaners, Uber, Lyft, and Doordash Drivers, and many more.
Maximize your tax savings with more write-offs to discover:
Home Office Expenses
Advertising
Parking and Toll Fees
Materials & Supplies
Conferences & Continuing Education
Software & Subscriptions
- Apple App Store
- Free
- Finance
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INCOME TAX CALCULATOR
TaxMode is a simple and powerful income tax planning app. Its key features include-
● Up-to-date with latest tax laws for 2024 tax year
● Includes tax years 2025, 2024 & 2023
● Includes Qualified Business income deductions
● Automatic selection of applicable tax computations
● Automatic check for AMT applicability and analysis
● Computes Net Investment Income Tax
● Performs deductions and exemptions phase-out
● Additional Medicare Tax
● Computes Child Tax Credit
● Computes Earned Income Credit
● Quarterly Estimated Tax computations, report & IRS 1040ES form support*
● Analyze impact of specific deductions
● Summary or detailed data entry options*
● Side by side comparison for what-if analysis*
● Ability to save and load data*
● Pie chart & multiple report options
● Supports computations with values for major IRS forms
● Effective tool for pre-tax return analysis
● Ability to email out results & reports*
● Easy data entry
● Import and export of plan data
Tax calculations include-
● Regular income tax
● Qualified Business Income threshold and phase-out
● Pass-thru deductions from Specified and Non-specified business
● Tax based on QDCG worksheet
● Self-employment
● Alternative minimum tax
● Net investment income tax
● Additional Medicare tax
● Lump-sum distribution tax
● Child & Dependent Tax credit
● Earned income credit
● FICA taxes
Automatic limitation of amounts allowed for
● Medical expenses
● Investment interest deduction
● Charitable contributions with limitations for 60%, 30% & 20% deductibility
● Unreimbursed business expenses
● Casualty & theft losses
● Student loan interest deduction
● Tuition & fees deduction
TaxMode is a quick and efficient app for income tax planning. It provides an easy way to compute taxes and perform what-if analysis. It contains detailed implementation of USA tax laws for 2025, 2024 & 2023. TaxMode's capabilities can satisfy almost any level of need for tax computation, planning and analysis.
This app can be a valuable tool for professionals and nonprofessionals alike. For a tax professional it will enhance your analytical ability, improve your day to day productivity and make tax planning more efficient. For an independent individual, it provides an easy to use tool to analyze the tax impact of a transaction in terms of taxes saved or increase in tax liability, calculate a quick year-end tax estimate, perform a pre-tax-return-filing analysis, or review the impact of any other tax related investment decision; TaxMode can help you make more informed decision by providing a better understanding of all the possible income tax implications.
We hope you have a productive and satisfying experience with this app and delight us by giving TaxMode a helpful review.
Please let us know any thoughts or suggestions you may have while using TaxMode that will help us improve its functionality. Similarly, please write us at support@sawhney.com if you discover a computational error or have questions on a specific calculation.
Thank you.
*Represents a premium function
- Apple App Store
- Free
- Finance
Store Rank
- -
Lunafi - 1099 Tax Write-offs VS. 
Income Tax Calculator: TaxModeDecember 12, 2024