TaxWise is a simple investment tax tool that helps you avoid tax surprises. Enter your investment gains and losses throughout the year and see your estimated federal tax bill in real-time.
WHAT IT DOES:
• Calculate your year-to-date profit/loss automatically
• Estimate your federal tax liability using 2025 tax rates
• Test different investment scenarios and see tax impact before you trade
• See if selling losing investments could lower your tax bill
• Understand the difference between short-term and long-term capital gains
HOW IT WORKS:
1. Add transactions: Enter the profit/loss amount, investment type (long/short-term), transaction name, and sell date
2. Set your tax rates: Configure your federal tax brackets in settings
3. View your summary: See total profit/loss and estimated taxes owed
PERFECT FOR:
- Casual investors who make occasional stock trades
- People who got surprised by tax bills in previous years
- DIY investors who want to track taxes throughout the year
- Anyone who prefers simple tools over complex tax software
KEY FEATURES:
• Automatic tax calculations using current federal rates
• Clean dashboard showing total profit/loss and estimated taxes
• Scenario planning to test investment moves before trading
• Settings to adjust your tax bracket percentages
• All data stays private on your device - no cloud storage
• Simple, iOS-style interface that's easy to use
IMPORTANT NOTES:
- Federal taxes only (state taxes calculated separately)
- Estimates only - consult a tax professional for official advice
- 2025 tax year rates included
- Your data never leaves your device
Stop getting surprised by tax bills. Start tracking your investment taxes with TaxWise today.
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