What is my tax-equivalent yield?
Tax-free investments such as municipal bonds have lower yields due to their tax-exempt status. Use this calculator to determine an equivalent yield on a taxable investment. The higher your marginal tax bracket (state and federal), the higher the tax-equivalent yield.
Note: This calculator assumes state taxes paid are fully deductible on your federal form. If that is not the case then include state tax percentage as part of the federal tax percentage.
