Tax Equivalent Yield Calculator – Investment Tools – Multi-Tools

Tax Equivalent Yield Calculator

Calculate and compare tax equivalent yields to evaluate taxable and tax-exempt investments. This tool helps you determine the taxable yield needed to match a tax-exempt yield, considering your tax bracket and state taxes.

Tax-Exempt Investment

Tax-Exempt Yield (%)

Yield on municipal bonds or other tax-exempt securities

Investment Amount ($)

Amount invested or considering to invest

Tax Rates

Federal Tax Rate (%)

Your federal income tax bracket

State Tax Rate (%)

Your state income tax rate

State tax is deductible from federal taxes

Alternative Investment

Taxable Yield (%)

Yield on alternative taxable investment

Yield Analysis Results

Yield Comparison

Tax Equivalent Yield

0.00%

Required taxable yield to match tax-exempt return

Effective Tax Rate

0.00%

After-Tax Return (Tax-Exempt)

After-Tax Return (Taxable)

Yield Comparison Chart

Tax Bracket Breakeven Analysis

Tax Bracket	Required Taxable Yield	After-Tax Return	Recommendation

Related Tools

How to Use

Enter tax-exempt yield and investment amount
Input federal and state tax rates
Specify if state tax is federally deductible
Enter alternative taxable yield for comparison
Review equivalent yields and analysis

Key Terms:

• Tax Equivalent Yield: Taxable yield needed to match tax-exempt return
• Effective Tax Rate: Combined impact of federal and state taxes
• After-Tax Return: Actual return after all taxes
• Breakeven Analysis: Comparison across tax brackets