After-Tax Yield Calculator

What's your real take-home income from each ETF?

SCHD

Schwab US Dividend Equity ETF

Dividend Growth

Gross Income$340/yr

Qualified Dividends (95%)

$323-$48

Ordinary Income (3%)

$10-$2

Long-Term Cap Gains (2%)

$7-$1

Federal Tax-$52

Net After-Tax Income$288/yr

Effective after-tax yield: 2.88%Effective tax rate: 15.21%

JEPI

JPMorgan Equity Premium Income ETF

Covered Call

Gross Income$750/yr

Qualified Dividends (25%)

$188-$28

Ordinary Income (55%)

$413-$91

Return of Capital (10%)

$75$0

Short-Term Cap Gains (10%)

$75-$17

Federal Tax-$135

Net After-Tax Income$615/yr

Effective after-tax yield: 6.15%Effective tax rate: 18.05%

Gross vs. After-Tax Income

Highest after-tax yield: JEPI (6.15%) > SCHD (2.88%)

On a $10,000 investment, JEPI pays $326 more after taxes than SCHD

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Return of capital is not taxed when received but reduces your cost basis. When you sell, your capital gain will be higher by the total ROC received. This calculator shows the current-year tax impact only.

This tool is for educational and informational purposes only. It does not constitute financial advice. Past performance does not guarantee future results. Consult a qualified financial advisor for personalized advice.