A tax-equivalent yield shows what a tax-free yield, such as a municipal bond's, is worth compared with a taxable one.
On municipal bond funds and other tax-sheltered funds, PortfolioPilot shows the yield marked tax-equivalent or partly tax-equivalent, worked out at your marginal rate. No separate calculator. Not tax advice.
An illustrative yield. Switch the rate.
PortfolioPilot muni tax-equivalent yield demo. An illustrative yield. Switch the rate.
The portfolio is hypothetical, and all figures are for demonstrative purposes only. Nothing shown is a recommendation to buy or sell any security.
Three steps from your accounts to the answer.
Income and filing status on the Taxes page.
See its yield marked tax-equivalent.
Next to taxable bond funds.
A fair comparison.
What a taxable bond would need to yield to match.
Higher brackets make tax-free yields worth more.
Some funds are only partly tax-free.
State tax is not included.
Add your accounts and see it for your own situation.
Get startedShort answers here, with a link to the full help center article where one exists.
See the Help Center. Read more in the Help Center →
Your marginal federal rate.
No.
Yes.
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