Everyone in the financial services industry is talking about how the changes to the tax law will impact clients, and the most prepared advisors will be able to capitalize on this enormous opportunity.
With Tax Clarity®, you can provide tax alpha and quickly identify sub-optimal situations, showing clients how to make retirement decisions in the most tax-efficient way.
We're enhancing Tax Clarity to bring more advanced features to financial advisors, allowing them to calculate:
- Self Employment Tax — Demonstrate the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients
- Pass-Through Deduction — Show the impact of the deduction for pass-through income and the phase-out of the deduction for specified service businesses under the Tax Cuts and Jobs Act
- Dependent Tax Credit — Allows you to demonstrate the impact of the revised Child Tax credit, including dependents over age 16
- Saver's Credit — Allows you to demonstrate the impact of the Saver's Credit, which is particularly relevant for semi-retired individuals who have choices on which accounts to draw from in order to supplement part-time work
The new Tax Clarity will be available beginning May 1, 2018 for $800 per year or $79.99 per month. Customers who purchase Tax Clarity ahead of May 1 will be grandparented in to the new program at their current subscription rate. Full pricing details can be found here.
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