Tax Exempt Yield Calculator
See the tax-free yield on a municipal bond and its taxable equivalent.
Your numbers never leave your browser — all tax math runs locally, no account, no trackingTry: Tax-exempt yield=3.5, Federal bracket=24, State bracket=5, NIIT=0, Investment=10000 → 3.50%, 29.00%, 4.93%, $350, 4.93%
How to use
A tax-exempt yield is the stated coupon on a municipal bond. This calculator shows what taxable yield you would need to earn the same after-tax income.
Formula
TEY = exempt yield ÷ (1 − marginal rate)
FAQ
Are all munis federal-tax-free?
Interest is generally federal-tax-free; some types (like private-activity bonds) may be taxable.
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