To get the equivalent taxable yield, divide 4.0% by 78% (100% – 22%). 3rd installment deadline to pay 2021 estimated taxes due Oct15, 2021 Last day to file federal income tax return if 6-month extension was requested by April 15, 2021. Taxable equivalent yield = tax-free yield ÷ (100% – marginal tax bracket %) or see which includes both federal and state income tax rates.Įxample: Assume you are in the 22% tax bracket, and have an account with a 4.0% tax-free yield. You can compare yields by using the following formula: Below are the tax rate schedules for 2021: Individual Tax Rate Schedules for 2021 Marginal Tax Bracket Rate Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes.
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