TaxEquiv

Tax Equivalent Yield Calculator 24% Bracket

TEY when your top federal bracket is 24%.

Your numbers never leave your browser — all tax math runs locally, no account, no tracking
%
%
%
%
$

Try: Tax-exempt yield=3.5, Federal bracket=24, State bracket=0, NIIT=0, Investment=10000 → 3.50%, 24.00%, 4.61%, $350, 4.61%

How to use

At 24% federal, the taxable equivalent yield is about 31% higher than the muni yield.

Formula

TEY = y ÷ (1 − 0.24)

FAQ

Why the big jump?

A quarter of every taxable dollar goes to tax, so the muni’s exemption is worth more.

Related calculators