Highlight the Retirement Tax Landscape

Tax Clarity allows you to quickly identify sub-optimal tax situations and show clients how to make retirement decisions in the most tax-efficient way. Calculate your client's effective marginal tax rate and identify dangerous points where just one additional dollar of income can push clients into much higher effective marginal tax rates.

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Tax Clarity Key Features

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Create Multiple Scenarios
Look at the tax landscape for any given year without creating a new case. Compare different withdrawal strategies on-screen and save and communicate the results with your clients.
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Marketing Materials
Fully-loaded marketing kit including a field-tested, client-facing presentation, brochure, and direct mailer example.
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Self-Employment Tax Feature
Calculate the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients.
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Pass-Through Tax Feature
Demonstrate the impact of the deduction for pass-through income and the phase-out of the deduction under the 2017 Tax Cuts and Jobs Act.
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Saver’s Credit Feature
The Saver's Credit has become more important following the passage of the SECURE Act. Demonstrate the impact the Saver's Credit can have on a client’s retirement plan
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Deep Integration with Income InSight
Seamlessly navigate from multi-year Tax Maps in Income InSight into Tax Clarity for deeper Tax Map analysis of any given year.
Access to Support
Access to Expert Support
Unlimited free access to our live expert support team who can help you with software or subject matter questions.
The Elephant and the Snowball: How Advisors Can, and Should, Talk Taxes With Clients

Watch a Demonstration 

Use Tax Clarity during every annual client review meeting to look at the tax landscape for any given year without creating a new case. Easily show the tax impact of different plan decisions. Compare different withdrawal strategies on-screen and save and communicate the results with your clients.

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Take a Tour

Select manual data entry or import from Redtail. 

Enter client income sources from the 1040. You can apply the Tax Cuts and Jobs Act of 2017, display new tax forms help text and exclude Medicare premiums. Enter in any dependents if applicable.

You can use this Tax Map to identify tax opportunities and view the Base Effective Marginal Rate (EMR). The red bar represents the regular tax brackets and the gray represents the effective marginal tax rate. Click on “Details” to see a detailed look of what the Tax Map is showing.

Click on the Tax Map to make changes to the inputs to create an alternate scenario. Clicking on “Advanced” on the bottom will bring up all inputs. 

Any changes that are made and saved will bring up a Change EMR to the Tax Map and seeing the details below will give a comparison between the Base Case and Scenario One.

The Generate PDF tab creates an actionable client-friendly report that outlines all results, inputs, data, and assumptions.

Your Covisum Experience

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Try

Try Tax Clarity for free for 10 days with no obligation. No credit card required. Your 10-day free trial is designed to get you up and running with Tax Clarity.

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Buy

Subscribe and unlock additional features and branding capabilities. Gain access to marketing materials. No contract required.

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Helping you grow is why we’re in business. That’s why we provide practice management and marketing resources that align with your subscription.

"Covisum® has developed state-of-the-art software, including Tax Clarity®, to better assist your client's retirement needs. They bring a very high level of value to my firm."
Tax Clarity subscriber
"Covisum’s tools have helped my firm with what can sometimes seem like a daunting task: providing a clear financial picture to clients and what various decisions mean to their investment portfolio, tax situation, and overall retirement income projections. Simply put, these tools are important conversation starters that can support the dialog every advisor should be having with their clients. "
David
Senior Financial Planner
“Very good tool to inspire and motivate prospects to take the next step towards becoming clients.”
Brent
CFP®, CRPS®, ChFC®, CLU®, AIF®
“Helps me present a transparent plan to clients.”
Gilberto
Financial Planner
“Tax Clarity has hit a home run for me.”
Ruth
CFP

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