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Taxable-equivalent yield calculator

If you’re in a high tax bracket, municipal money market and bond funds are likely to provide you with more after-tax income than would taxable funds that have similar characteristics. If you're a resident of a state that offers a state tax-exempt income fund, you can earn income exempt from both federal and state income taxes, and in certain municipalities, from local income taxes as well. Learn more about tax-exempt investing

To calculate the potential yield you'd have to get from a taxable investment to match that of a Vanguard® tax-exempt fund, select a share class, a Vanguard fund, and your tax bracket. Then click Calculate.

You can also calculate using a specific yield

Step 1. Select a Vanguard fund  
Share class What are share classes?

Or enter a fund number

Step 2. Select a federal tax bracket