For a small difference in yield, state taxes may be the deciding factor in considering SGOV versus a savings account. Here's a calculator to compare after-tax yield.
SGOV After-Tax Yield Calculator
See whether SGOV or your savings account actually pays more after taxes.
%
%
State tax advantage: ~97.5% of SGOV's recent distributions derived from U.S. Treasury obligations, which are exempt from state/local income tax under federal law. This calculator applies that exemption automatically.
%
%
$
Your Results
SGOV After-Tax
–
–
HYSA After-Tax
–
–
Assumes SGOV distributions are ~97.5% exempt from state income tax per iShares U.S. Government Source Income information. Federal, state, and NIIT rates applied to ordinary income only. Does not account for AMT, deduction phase-outs, or state-specific rules (e.g. CA requires >50% quarterly Treasury threshold, which SGOV meets). Not tax advice – consult a professional for your situation.
This calculator is part of a larger blog post on SGOV here.
Leave a Reply