1. General Use of the Calculator Tool
By using Incomp’s calculator tool (the Service), you acknowledge that all data, estimates, and calculations provided are for informational and educational purposes only. The Service retrieves publicly available data, and Incomp does not guarantee its accuracy, completeness, or timeliness. You are responsible for verifying all information before relying on it. Incomp is not liable for any errors, omissions, or reliance on the Service’s outputs for financial, investment, legal, or tax decisions.
2. Estimates and Calculations
The Service provides estimates on taxes, upkeep costs, insurance, maintenance, and tax benefits using general assumptions and industry-standard methodologies. These estimates are non-binding and should not be considered financial, legal, tax, or investment advice. Users should seek professional guidance before making financial decisions. By using the Service, you acknowledge that any reliance on its outputs is at your own risk. Incomp disclaims liability for financial losses or adverse consequences resulting from such reliance.
3. Optional User Data
The Service may collect optional financial data such as income, debt, assets, and credit scores. Providing this data is voluntary and not required to use the Service. Incomp does not sell, distribute, or monetize sensitive user data. Any financial data entered is fully anonymized and not linked to personal identifiers such as name or email.
By using the Service, you consent to the collection and use of data as described in our Privacy Policy. The Service is intended for U.S. users only. Incomp makes no representation that it complies with non-U.S. data protection laws, and use outside the United States is at the user’s own risk.
4. Sensitive Data
By agreeing to these terms and conditions, you acknowledge and consent to the collection of sensitive data (e.g., income, debt, assets, and credit scores) where applicable. It is understood that any personal data provided thereafter will be governed by these terms and conditions, and Incomp will use such data solely to provide the Service.
5. Limitation of Liability
Incomp provides the Service “AS IS” and makes no warranties, express or implied. While we strive for accuracy, we do not guarantee the precision of estimates or calculations. Incomp is not responsible for financial decisions made based on the Service and is not liable for inaccuracies, omissions, or reliance on third-party data.
Limitation of Liability:
In no event shall Incomp, its officers, directors, employees, or agents be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of the Service or any estimates or calculations provided, even if Incomp has been advised of the possibility of such damages.
Users are encouraged to seek professional advice (financial, tax, legal, etc.) for personalized and precise information.
Incomp does not accept liability for any use of the Service outside the United States, and such use is prohibited. Any use of the Service outside the United States absolves Incomp from liability to EU data protection laws and other local privacy laws, as such use is not aligned with the intended purpose outlined in these Terms.
If you are a California resident, you expressly waive the provisions of California Civil Code Section 1542, which states: ‘A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her, would have materially affected his or her settlement with the debtor or released party.’
California residents have specific rights under the California Consumer Privacy Act (CCPA), including the right to know what personal information is collected, request deletion of personal information, and opt out of data sharing. For details on how Incomp complies with these rights, please refer to our Privacy Policy.
Nothing in this disclaimer is intended to limit any rights that California residents may have under state consumer protection laws that cannot be waived by contract.
6. Tax Estimates, Buy vs. Rent, and Financial Implications
The estimates provided by Incomp’s calculator tool related to tax benefits, deductions, homeownership costs, and buy vs. rent comparisons are for informational and educational purposes only. These calculations are based on general assumptions, publicly available data, and broad financial models that may not reflect your specific tax situation or financial position.
• Not Professional Tax or Financial Advice: The estimates generated do not constitute personalized tax, legal, or financial advice. Users should consult with a qualified tax professional, financial advisor, or accountant before making financial decisions based on these projections.
• Generalized Tax Assumptions: Incomp’s tool makes broad estimates regarding potential tax deductions, including mortgage interest, property taxes, and other ownership costs. Actual tax savings depend on individual factors such as filing status, income levels, Alternative Minimum Tax (AMT) eligibility, and changes in state or federal tax laws.
• State & Local Tax Variability: Tax laws vary by state, county, and municipality. The estimates provided may not fully capture local tax exemptions, reassessment rules, homestead caps, or other jurisdiction-specific tax policies. Users are responsible for verifying these details with appropriate local authorities or professionals.
• Rent vs. Buy Assumptions: Buy vs. rent comparisons are simplified models that do not account for all possible variables, such as future property appreciation, rent increases, investment opportunity costs, HOA fee increases, or maintenance unpredictability.
User Responsibility: By using this Service, you acknowledge that tax and financial outcomes are highly individualized and that Incomp is not responsible for any financial decisions, tax filings, or real estate transactions made based on the calculator’s output. Users should independently confirm estimates before relying on them for decision-making.
7. Modifications to the Terms
Incomp reserves the right to update or modify these Terms and Conditions at any time. When changes are made, the updated version will be posted on the Service’s website or within the app. By continuing to use the Service after changes are posted, you agree to the modified Terms.