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Tax calculator


Hi there, 

I am looking for zero-code ways to create a tax return calculator. After several hours of playing around and googling, I am still not sure if I can use Typeform for that. Your help in discarding (or not!) this option will be highly appreciated. 

What I need: 

  • Income tax calculation: function that processes user inputs for incomes and deductions and calculates total income, subtracts deductions, and applies the appropriate tax rates and brackets to determine the tax liability
  • Sales tax calculation: function multiplies the amount by the tax rate to determine the sales tax.
  • Small business tax calculation: function calculates the tax for small businesses based on the entity type (S corporation, C corporation, LLC, etc.). For C corporations, it applies a flat rate of 21%. For other entities, it applies individual tax rates after standard deductions.

The logic would be quite complex, as such a calculator should have some predetermined variables (tax rates depending on the income, and tax brackets depending on the income & filing status). 

The result should be either refund or owe. If total withholdings and estimated tax payments exceed the tax liability, the taxpayer gets a refund. If withholdings are less than the tax liability, the taxpayer owes the difference.

Do you know if I can create such a thing with Typeform? Or better go with a more calculators-oriented tool? Thank you so so much in advance!🙏🏽

Best answer by john.desborough

@magda.peters - the logic do implement this IS possible but it would be a pain to implement it all inside a typeform, if i am being truly honest. 

Your best bet would be to use the typeform to collect all the ‘tombstone’ data from the user and Connect the typeform to a Google Sheet, I would recommend that you do all the lookups and calculations inside Google Sheet and push the results out in a customized template using something like Document Studio (create another google sheet, doc or slide template and let Document Studio merge the data into output template and deliver an email with  a pdf. attached) 

more efficient means to do this. 

my two cents

des

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3 replies

Liz
Ex–Typefomer
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  • Tech Community Advocate
  • 15035 replies
  • July 31, 2024

@john.desborough might have some insight into this for you! He’s definitely your variable/calculator guy!


john.desborough
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  • Certified Partner & Champion
  • 5396 replies
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  • July 31, 2024

@magda.peters - the logic do implement this IS possible but it would be a pain to implement it all inside a typeform, if i am being truly honest. 

Your best bet would be to use the typeform to collect all the ‘tombstone’ data from the user and Connect the typeform to a Google Sheet, I would recommend that you do all the lookups and calculations inside Google Sheet and push the results out in a customized template using something like Document Studio (create another google sheet, doc or slide template and let Document Studio merge the data into output template and deliver an email with  a pdf. attached) 

more efficient means to do this. 

my two cents

des


@john.desborough hi, thank you so much for the advice! 


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