# Tax Clarity Reviews **Vendor:** Covisum **Category:** [Other Finance Software](https://www.g2.com/categories/other-finance) **Average Rating:** 4.6/5.0 **Total Reviews:** 11 ## About Tax Clarity Tax Clarity can help you 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. 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. ## Tax Clarity Reviews ### 1. Adding Value **Rating:** 3.5/5.0 stars **Reviewed by:** Jody D. | CEO/ Financial Advisor, Small-Business (50 or fewer emp.) **Reviewed Date:** July 28, 2022 **What do you like best about Tax Clarity?** Being able to talk about the benefits of a Roth conversion and then to use Tax Clarity to identify the proper dollar amount to convert is very powerful. **What do you dislike about Tax Clarity?** It does take a little time to imput all of the data. **What problems is Tax Clarity solving and how is that benefiting you?** It separates me from my competition by adding value with a Roth conversion. **Official Response from Katie Godbout:** > Hi Jody, Thanks for leaving a review of Tax Clarity. We're thrilled that the software is helping you demonstrate the benefits of Roth conversions and determine the appropriate amount to convert. We appreciate your feedback. ### 2. I love how easy it is to work with **Rating:** 5.0/5.0 stars **Reviewed by:** Gregg M. | Founder and President of Gmac Family Financial, Small-Business (50 or fewer emp.) **Reviewed Date:** July 20, 2022 **What do you like best about Tax Clarity?** Showing the Tax charts. then use different plans to show if we do this how this will affect your taxes **What do you dislike about Tax Clarity?** Sometimes it is hard to know where to enter numbers from the client's tax return **What problems is Tax Clarity solving and how is that benefiting you?** Helping with Roth Conversions **Official Response from Katie Godbout:** > Hi Gregg, Thanks for writing a review of Tax Clarity. We love that you're using the software to demonstrate the value of smart retirement tax strategies, including Roth conversions. We greatly appreciate your feedback! ### 3. Simple input, easy to show to a client or potential client. **Rating:** 5.0/5.0 stars **Reviewed by:** Lynn B. | Owner/Financial Advisor, Small-Business (50 or fewer emp.) **Reviewed Date:** July 20, 2022 **What do you like best about Tax Clarity?** The software is easy to use and shows a clear picture of a client's tax liabilities from withdrawing various amounts from qualified accounts. Customer support is excellent. **What do you dislike about Tax Clarity?** I can't think of any downside of using the software. **What problems is Tax Clarity solving and how is that benefiting you?** The software helps a person plan how to take withdrawals from qualified plans. Most people don't know how much to take and when. I can ask, what will you do with that extra money you will have? **Official Response from Katie Godbout:** > Hi Lynn, Thank you for taking the time to leave a review of Tax Clarity. We're thrilled to hear that you've found the software easy to use and our live expert customer support team helpful! We really appreciate your feedback. ### 4. Taxes Matter even in Retirement **Rating:** 5.0/5.0 stars **Reviewed by:** Chad W. | LPL Registered Principal, Small-Business (50 or fewer emp.) **Reviewed Date:** February 15, 2022 **What do you like best about Tax Clarity?** Easy way to show clients and prospects clear tax inefficiency's and help them visualize how we can help their tax situation. Prospects realize pretty quickly that they can't do this kind of planning without us and our tools. **What do you dislike about Tax Clarity?** The software does have a learning curve, but once I got it, it has been invaluable in landing larger accounts where taxes make a big diffrence. **What problems is Tax Clarity solving and how is that benefiting you?** I combine Tax Clarity with Social Security Timing to help clients and prospects take a holistic approach to retirement. Retirement Account withdrawals can affect taxes on Social Security, and withdrawals from Social Security will help determine how much taxes they will pay on Retirement Account withdrawals; they are interconnected. **Official Response from Katie Godbout:** > Hi Chad, Thank you so much for leaving a review of Tax Clarity. We're thrilled that the software has helped your clients clearly visualize their tax situation. It's great that Tax Clarity makes it easy to demonstrate the value you're adding to their retirement, and we love to hear that you're combining Tax Clarity and Social Security Timing to help clients make smart financial decisions. We appreciate your feedback. ### 5. Great Program **Rating:** 4.5/5.0 stars **Reviewed by:** Wendell B. | Principal, Small-Business (50 or fewer emp.) **Reviewed Date:** February 24, 2022 **What do you like best about Tax Clarity?** Tax Clarity helps me present a client's tax circumstance clearly and understandably. It provides them with the information necessary to help them make financial decisions to their benefit. **What do you dislike about Tax Clarity?** It would be nice if it could handle rental income too. The continuous barrage of emails to take a survey! **What problems is Tax Clarity solving and how is that benefiting you?** It helps me solve client problems for my clients, when working on their financial plan. **Official Response from Katie Godbout:** > Hi Wendell, Thank you for taking the time to leave a review of Tax Clarity. We're happy to hear that you've found the software helpful for demonstrating the tax impact of different financial decisions. I'll pass along your suggestion about rental income to our development team, and we appreciate your candid feedback on the frequency of survey-related emails. ### 6. Great visual software **Rating:** 4.0/5.0 stars **Reviewed by:** Robert T. | Senior Managing Partner, Small-Business (50 or fewer emp.) **Reviewed Date:** February 15, 2022 **What do you like best about Tax Clarity?** Easy to input data and very good visual illustrations that clients can understand. I really like the ability to compare scenarios. **What do you dislike about Tax Clarity?** I wish it had illustrated ROTH conversion features. **What problems is Tax Clarity solving and how is that benefiting you?** Tax mitigation. It really shows the difference tax-wise from 1 scenario to the next **Official Response from Katie Godbout:** > Hi Robert, Thank you for leaving a review of Tax Clarity. We're happy to hear that the software graphics have helped you communicate the value of a good financial decision. If you're interested, our Income InSight software can illustrate the impact of a Roth conversion. Learn more here https://www.covisum.com/solutions/income-insight/tour Thanks for your feedback! ### 7. Excellent tool for retirement planning. **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** November 12, 2020 **What do you like best about Tax Clarity?** Calculating a prospects taxes in retirement. Showing how Roth IRA conversions can lower their taxes. **What do you dislike about Tax Clarity?** I used to be able to show current and recommended tax analysis in one report, and now I can't. **Recommendations to others considering Tax Clarity:** Get it! It works! **What problems is Tax Clarity solving and how is that benefiting you?** Tax savings in retirement. Showing my expertise in tax planning leads to the prospects confidence in my recommendations, which leads to sales. **Official Response from Katie Godbout:** > Thanks for taking the time to review Tax Clarity. We're happy to hear that the software has helped you demonstrate the benefits of Roth conversions. I'll pass along your note about including both the current and recommended tax analysis in one report to our customer experience team. We greatly appreciate your feedback. ### 8. clients love it! **Rating:** 5.0/5.0 stars **Reviewed by:** Art S. | financial advisor, Small-Business (50 or fewer emp.) **Reviewed Date:** November 12, 2020 **What do you like best about Tax Clarity?** Easy to use. it takes into account all the tax ramifications, such as social security taxation **What do you dislike about Tax Clarity?** Graphs take a lot of explanation for clients to understand **Recommendations to others considering Tax Clarity:** It provides everything they promised. Support has been excellent. I would recommend it highly! it gives me a way to show clients the tax issues involved with proposed changes to their financial situation. it is one of the few that shows social security tax changes and more subtle ones, like Medicare. When i compare to their actual tax returns, i find it to be extremely accurate. Other programs i have tried gave me substantially different numbers. **What problems is Tax Clarity solving and how is that benefiting you?** Tax ramifications of implementing options. Often, there are surprises that would have had a client make a different decision **Official Response from Katie Godbout:** > Hi Art, Thank you so much for taking the time to leave a review of Tax Clarity. We're thrilled you've found the software easy to use and helpful for showing clients tax opportunities in retirement. We really appreciate your feedback! ### 9. Huge fan of Tax Clarity **Rating:** 4.5/5.0 stars **Reviewed by:** Adam S. | Small-Business (50 or fewer emp.) **Reviewed Date:** November 12, 2020 **What do you like best about Tax Clarity?** My favorite feature is the visual map of the marginal/effective tax rates. After entering my client's data, I'm able to see how close we are to the next bracket. This allows me to make assumptions about possible tax loss harvesting, tax gain harvesting, ROTH conversion, strategic IRA withdrawals, etc. **What do you dislike about Tax Clarity?** I wish there was more transparity in the data. I love how the program tells me that even though their marginal bracket is 12%, the next dollar of income generated would be taxed at an effective rate of 27%. Conceptionally I understand why, but I would like to see the data behind that answer. **Recommendations to others considering Tax Clarity:** My advice is to look at all the other software out there in the marketplace and see which one fits your needs. **What problems is Tax Clarity solving and how is that benefiting you?** This has greatly enhanced my ability to perform tax planning for my clients. **Official Response from Katie Godbout:** > Hi Adam, Thanks for taking the time to share your thoughts about Tax Clarity. We're so happy to hear that you've found our unique Tax Map feature really helpful for visualizing potential strategies. I'll pass along your note about including additional data in the future to our software development team. We greatly appreciate your feedback. ### 10. Tax Clarity has been amazing **Rating:** 5.0/5.0 stars **Reviewed by:** Adam T. | Small-Business (50 or fewer emp.) **Reviewed Date:** November 13, 2020 **What do you like best about Tax Clarity?** I use tax clarity everyday, multiple times per day when I meet with clients. it helps so much for providing advice and allowing me to look as professional as I possibly can **What do you dislike about Tax Clarity?** It is very easy to use. Not much to dislike. **Recommendations to others considering Tax Clarity:** Use it. it is very helpful. many advisor or even CPA's don't use a software like this and it helps to set you apart as an advisor or consultant. **What problems is Tax Clarity solving and how is that benefiting you?** I don't think I'm able to give good investment advice without running a tax analysis so Tax Clarity allows me to give good advice. my clients love it because it allows them to easily see where they are at and where they might be in the future. **Official Response from Katie Godbout:** > Hi Adam, We're thrilled to hear that we've become an integral part of your practice and that the software has helped set you apart from the competition. We really value your feedback. Thanks for the review! ### 11. Great software . very user friendly! **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** November 12, 2020 **What do you like best about Tax Clarity?** Graphs and illustrations easy to use.works really well **What do you dislike about Tax Clarity?** a little clunky but overall works really well **Recommendations to others considering Tax Clarity:** Great software! Give it a go! works really well **What problems is Tax Clarity solving and how is that benefiting you?** Clarifying clients taxes due and overall brackets and Roth reviewing. **Official Response from Katie Godbout:** > Thanks for leaving a review of Tax Clarity. We're happy to hear that you've found the software helpful and easy to use. We appreciate your feedback! ## Tax Clarity Discussions - [How can I show a current and recommended tax analysis in one report?](https://www.g2.com/discussions/33731-how-can-i-show-a-current-and-recommended-tax-analysis-in-one-report) - 1 comment, 1 upvote - [View Tax Clarity pricing details and edition comparison](https://www.g2.com/products/tax-clarity/reviews?open_modal_url=%2Fpt%2Fproducts%2Ftax-clarity%2Fwishlists%3Fhost_path%3D%252Fproducts%252Ftax-clarity%252Freviews%26source%3Dsticky_header_pin§ion=pricing&secure%5Bexpires_at%5D=2026-05-18+00%3A18%3A08+-0500&secure%5Bsession_id%5D=fd81bfa9-c219-4302-b65e-5b0103690560&secure%5Btoken%5D=0641f5326eb5b492e6d799b9a055b5a41cb612bb474928c085a268028802744d&format=llm_user) ## Top Tax Clarity Alternatives - [BBVA Customer API](https://www.g2.com/products/bbva-customer-api/reviews) - 4.4/5.0 (27 reviews) - [Joist](https://www.g2.com/products/evercommerce-joist/reviews) - 4.1/5.0 (31 reviews) - [SAP Multi-Bank Connectivity](https://www.g2.com/products/sap-multi-bank-connectivity/reviews) - 4.3/5.0 (29 reviews)