TaxEquiv
Tax-equivalent yield and municipal vs taxable comparisons — instant, private, no sign-up
Your numbers never leave your browser — all tax math runs locally, no account, no trackingTax-Equivalent Yield
Tax Equivalent Yield Calculator
Convert a tax-free municipal yield into the taxable yield you would need to match it.
Tax Exempt Yield Calculator
See the tax-free yield on a municipal bond and its taxable equivalent.
Tax Equivalent Yield Calculator with NIIT
TEY including the 3.8% Net Investment Income Tax.
Tax Equivalent Yield Calculator with AMT
TEY when state tax is limited under AMT.
Tax Equivalent Yield Calculator by Amount
See the dollar tax saving of a muni at a given investment size.
Tax Equivalent Yield Formula
The tax-equivalent yield formula, with a live calculator.
By Federal Bracket
Tax Equivalent Yield Calculator 10% Bracket
TEY when your top federal bracket is 10%.
Tax Equivalent Yield Calculator 12% Bracket
TEY when your top federal bracket is 12%.
Tax Equivalent Yield Calculator 22% Bracket
TEY when your top federal bracket is 22%.
Tax Equivalent Yield Calculator 24% Bracket
TEY when your top federal bracket is 24%.
Tax Equivalent Yield Calculator 32% Bracket
TEY when your top federal bracket is 32%.
Tax Equivalent Yield Calculator 35% Bracket
TEY when your top federal bracket is 35%.
Tax Equivalent Yield Calculator 37% Bracket
TEY when your top federal bracket is 37%.
By State
Tax Equivalent Yield Calculator California
TEY including California’s ~13.3% top state bracket.
Tax Equivalent Yield Calculator New York
TEY including New York’s ~10.9% top state bracket.
Tax Equivalent Yield Calculator Texas
TEY in a no-income-tax state like Texas.
Comparisons
Muni vs Taxable Calculator
Compare after-tax income from a municipal bond versus a taxable bond.
Roth IRA vs Municipal Bond Calculator
Compare tax-free growth in a Roth IRA versus tax-free income from a muni.