Important Notice: By using the Tools Tax Calculator powered by GearGenius.ai, you acknowledge and agree to these terms. This tool is provided for educational and informational purposes only and does not constitute professional tax, legal, or financial advice.
1. Nature of Service
- "As-Is" Provision: The calculator is provided "as is" with no guarantees of accuracy, completeness, or fitness for any particular purpose.
- Educational Purpose: All calculations and results are intended solely for educational exploration and general information.
- Not Tax Preparation: This tool is not intended to prepare, file, or submit tax returns on your behalf.
- No Professional Relationship: GearGenius.ai is not acting as your tax advisor, certified public accountant (CPA), attorney, or financial advisor.
2. No Reliance Clause
- User Responsibility: You are solely responsible for verifying all calculations and for the accuracy of your tax filings.
- Professional Consultation Required: You must consult with a licensed tax professional, CPA, or attorney before making any tax decisions or filing returns based on calculator results.
- No Fiduciary Duty: Use of this calculator does not create an attorney-client, CPA-client, or any fiduciary relationship between you and GearGenius.ai.
3. Data Limitations and Volatility
- Current Law Basis: Calculations are based on current IRS publications and regulations as they exist on the "Last Updated" date shown above.
- Pending Legislation: Any results marked as "proposed" or "contingent" are based on pending legislation that has not been enacted and may never become law.
- State Tax Variation: Federal calculations may not reflect state or local tax treatment, which can differ significantly.
- No Guarantee of Updates: While we strive to maintain current data, tax laws change frequently, and we do not guarantee that the calculator reflects the most recent amendments.
4. Privacy and Data Collection
- No Data Storage: By default, we do not collect or store personally identifiable information entered into the calculator.
- Local Processing: Calculations are performed in your browser unless you explicitly choose to save or export results.
- Export Consent: If you download a PDF or CSV summary, you acknowledge that this data is saved to your device only.
- Analytics: We may collect anonymized usage statistics (page views, button clicks) to improve the tool, but not your tax data.
5. Limitation of Liability
- No Damages: GearGenius.ai, its officers, employees, and affiliates shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from use of this calculator.
- User Assumption of Risk: You assume all risk associated with using this tool and any actions taken based on its output.
- Hold Harmless: You agree to hold GearGenius.ai harmless from any claims, losses, liabilities, or expenses (including legal fees) arising from your use of the calculator.
- No Guarantee of Tax Savings: We make no representations or warranties regarding any tax savings you may or may not achieve.
6. Unauthorized Practice of Law (UPL) Compliance
- Information Only: This calculator provides computational results and educational information onlyâit does not interpret laws, advise on legal rights, or recommend specific legal actions.
- No Legal Advice: Nothing in the calculator output should be construed as legal or tax advice tailored to your individual circumstances.
- Passive Presentation: All results are presented in neutral, passive language to avoid prescriptive guidance.
7. W-2 Employee Restrictions
- TCJA Suspension: W-2 employees are generally prohibited from deducting unreimbursed employee expenses (including tools) for tax years 2018-2025 under the Tax Cuts and Jobs Act.
- Narrow Exceptions: Deductions are permitted only for Armed Forces reservists, qualified performing artists, fee-basis government officials, and employees with impairment-related work expenses.
- Future Changes: These restrictions may expire after 2025, restoring the 2% AGI threshold for miscellaneous itemized deductions.
8. Modification of Terms
- Right to Modify: GearGenius.ai reserves the right to modify these Terms of Use at any time without prior notice.
- Continued Use: Your continued use of the calculator after changes constitutes acceptance of the updated terms.
- Check Regularly: We encourage you to review these terms periodically for updates.
9. Governing Law
- Jurisdiction: These terms shall be governed by and construed in accordance with applicable federal tax law and the laws of the United States.
- Dispute Resolution: Any disputes arising from use of this calculator shall be resolved through binding arbitration in accordance with the rules of the American Arbitration Association.
10. Contact and Support
- Questions: For questions about these terms, contact us at support@geargenius.ai
- Technical Support: For calculator technical issues, visit our help center or submit a support ticket.
- Tax Advice: For professional tax advice, consult a licensed tax professionalâwe cannot provide personalized guidance.
Acknowledgment: By clicking "I Accept" or "Calculate" in the Tools Tax Calculator, you confirm that you have read, understood, and agree to be bound by these Terms of Use.
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