Calculator Comparison

Capital Gains Tax Calculator vs Tax-Equivalent Yield Calculator

Not sure which calculator to use? Here's a side-by-side comparison of the Capital Gains Tax Calculator and Tax-Equivalent Yield Calculator to help you pick the right one for your needs.

Capital Gains Tax Calculator

Tax

Calculate the tax owed on capital gains from the sale of investments, stocks, real estate, and other assets.

What you enter

Purchase Price
Sale Price
Holding Period
Other Annual Income
Filing Status

What you get

Capital Gains Tax Owed(primary)
Total Capital Gain
Applicable Tax Rate
Net Proceeds After Tax

Use Capital Gains Tax Calculator

Tax-Equivalent Yield Calculator

Tax Planning

Calculate the pre-tax yield needed from taxable bonds to equal the after-tax return of tax-free municipal bonds.

What you enter

Municipal Bond Yield
Federal Tax Rate
State Tax Rate
In-State Bond

What you get

Tax-Equivalent Yield(primary)
Federal Tax-Equivalent
Taxable Bond Break-Even
Tax Savings (per $10k)

Includes visual bar chart breakdown

Use Tax-Equivalent Yield Calculator

Key Differences

Feature	Capital Gains Tax Calculator	Tax-Equivalent Yield Calculator
Category	Tax	Tax Planning
Inputs	5 required fields	4 required fields
Outputs	4 results	4 results
Chart	No chart	bar chart
FAQs	3 answered	3 answered

Input Comparison

Only in Capital Gains Tax Calculator

Purchase Price
Sale Price
Holding Period
Other Annual Income
Filing Status

Only in Tax-Equivalent Yield Calculator

Municipal Bond Yield
Federal Tax Rate
State Tax Rate
In-State Bond

Which Calculator Should You Use?

Use the Capital Gains Tax Calculator if you need to:

Calculate capital gains tax owed
When you know your purchase price and sale price

Use the Tax-Equivalent Yield Calculator if you need to:

Calculate tax-equivalent yield
When you know your municipal bond yield and federal tax rate
Want a visual bar chart breakdown

Frequently Asked Questions

What is the long-term capital gains tax rate?

Long-term rates (assets held 1+ year) are 0% for lower incomes, 15% for most taxpayers, and 20% for high earners. These are lower than ordinary income tax rates to encourage long-term investing.

How can I minimize capital gains tax?

Hold assets for at least a year for lower rates, use tax-loss harvesting, maximize tax-advantaged accounts, consider Qualified Opportunity Zones, and time sales strategically across tax years.

What is tax-equivalent yield?

Tax-equivalent yield is the pre-tax return a taxable bond must provide to equal the after-tax return of a tax-free municipal bond. It helps compare muni bonds to taxable alternatives like corporate or Treasury bonds by accounting for tax benefits.

When do municipal bonds make sense?

Munis are most attractive for investors in high tax brackets (24% or higher federal). Calculate the tax-equivalent yield and compare to taxable alternatives. If you're in the 32-37% brackets and buy in-state bonds, munis often win despite lower stated yields.

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Bottom Line

Choose the Capital Gains Tax Calculator if you need to calculate capital gains tax owed. Use the Tax-Equivalent Yield Calculator if you need to calculate tax-equivalent yield. Both calculators are free and require no sign-up.

Use Capital Gains Tax Calculator Use Tax-Equivalent Yield Calculator

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