Tax Equivalent Yield Calculator

The yield of a tax-free municipal bond fund is typically exempt from state and federal taxes. Use this calculator to estimate your taxable equivalent yield. Your taxable equivalent yield is the yield you would need to receive on a taxable investment option in order to receive the same yield as a tax exempt investment. For example, a 5.0% Federal tax exempt bond would have the same after tax earnings as a 6.67% taxable bond for someone in the 25% tax bracket.

Federal tax bracket  
State tax bracket   %
Tax-Exempt yield   %
Taxable-Equivalent yield   =   %

This calculator is for informational purposes only. Results are not guaranteed. This calculator should not be considered tax advice. Please consult your personal tax adviser for information about your individual situation.