Tax Clarity | Covisum

Tax Clarity Key Features

Marketing Materials Icon

Marketing Materials

Access to professionally created marketing materials: strategy, emails, videos, presentation deck with script, and graphics

Access to Support

Access to Expert Support & Customer Success

Unlimited free access to our live expert support team who can help make the most of your subscription.

Unique Tax Map

Identify tax opportunities. Determine which account to draw from, and when, and find key opportunities for converting to a Roth.

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.

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.

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

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.

Side-by-Side Comparison

Compare alternate tax distribution strategies.

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.

CPA Referral Letter

Created by advisors, for advisors, use our CPA referral letter template to build better relationships.

Quick & easy data entry

Printable PDF report

Download The Elephant and the Snowball: How Advisors Can, and Should, Talk Taxes With Clients

Show Clients a Tax-Efficient Retirement

Tax Clarity®

$79.99 per month/per advisor

Join thousands of users who trust Covisum.

Subscribe Now

Pricing FAQs

Can I take a trial of Tax Clarity?

Yes! You can try Tax Clarity for free for 10 days.

Do you have a demo video of Tax Clarity?

Yes, we do. Learn how to use Tax Clarity in your financial planning practice by watching this recorded demonstration.

Do you have a guided product walkthrough?

Yes! View our product tour to get a detailed walkthrough of some of Tax Clarity's key features.

Can someone demonstrate Tax Clarity for me?

A member of our customer success team would be happy to demo Tax Clarity for you. Choose the time and date that works best for you. Click here to schedule a live demo.

Can I subscribe monthly or annually?

Choose the subscription that's right for you at $79.99/per month or $899/per year.

Can more than one advisor use one subscription to Tax Clarity?

Your Tax Clarity subscription is intended for the sole use of one user, as outlined in our End User License Agreement (EULA). If you plan on utilizing our tools for multiple users, please reach out to sales@covisum.com for pricing.

Is there an enterprise version of Tax Clarity?

Yes. Covisum powers some of the largest financial institutions in the United States. Contact sales for more information about our enterprise solutions.

Can I see your data security statement?

Our data security statement is designed to answer the most common questions Covisum is asked in a vendor due diligence review and to provide supporting documentation for your file. Click here to access our data security statement.

Try

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

Buy

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

Grow

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®

Tax Clarity FAQs

What is Tax Clarity?

Tax Clarity is a type of tax optimization software that allows financial advisors to identify sub-optimal tax situations, demonstrating to clients how to make the most effective and tax-friendly retirement decisions. By utilizing different scenarios, Tax Clarity can calculate the impact of current year Roth conversions or the harvesting of capital gains, predicting how those decisions will hit the return in terms of tax consequences and the effective marginal tax rate.

What unique features does Tax Clarity offer?

Tax Clarity allows financial advisors to conduct annual tax assessments based on factual tax data inputs, utilize comparative scenario analysis, and identify marginal tax rates and Medicare thresholds. A self-employment tax feature calculates the impact of paying both the employee and the employer's share of Social Security and Medicare taxes for self-employed clients. A pass-through tax feature demonstrates the impact of the deduction for pass-through income and the phase-out of the deduction under the 2017 Tax Cuts and Jobs Act, and a saver’s credit feature showcases the impact that the saver's credit may have on a client’s retirement income plan.

How is the effective marginal rate defined?

The effective marginal tax rate is the tax rate on the next dollar of income. It is influenced by individual circumstances including types of income, capital gains, benefit distributions, overall deductions, and more. It is often higher than the tax rate suggested by ordinary tax brackets.

What is the difference between marginal and effective tax rates?

Tax planning software can help determine a client’s effective tax rate and marginal tax rate. Effective tax rate refers to an individual’s average tax rate, or the percentage of their total yearly income that’s taxed. Marginal tax rate is the total amount of taxes that are added to any additional levels of income.

How are Social Security benefit taxes calculated?

Many financial planning software programs assume that 85% of Social Security benefits will be taxed once the minimum income threshold is met, but that isn't always the case. The rate is variable depending on many factors. Tax Clarity can assist with these calculations to ensure your clients are prepared for their tax rates.

© 2010 – 2025 Covisum®. All Rights Reserved. For advisor use only. Covisum is not connected with, affiliated with or endorsed by the United States government or the Social Security Administration. The local advisor offering Covisum products may be an insurance agent, financial advisor, accountant or attorney. Advisors may offer other products or services and are compensated by commissions and/or fees for any other services they may provide. Terms and Conditions | Privacy Policy