Taxable-equivalent yield calculator


Changes coming soon

We're working on updates that will reflect the new U.S. tax law. In the meantime, some of the details on this page may not be accurate.

Read an overview of the tax law changes

We also recommend that you consult a qualified tax advisor about your personal situation.


To calculate the yield on a taxable investment that's equivalent to the yield on a tax-exempt investment, enter a federal tax-free yield and select your federal tax bracket. Then click Calculate.

You can also calculate a taxable-equivalent yield based on a specific Vanguard® fund.

Enter a federal tax-exempt yield %
Select a federal tax bracket