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  • Tax-free fixed income funds typically yield less than their taxable equivalents, but they offer income that is generally free of federal taxes.* Whether tax-free funds are right for you depends on your goals and your federal and state tax rate.

    What's the bottom line? Use this tool to compare the average yield from a tax-free fund to the after-tax income you can expect from a taxable fund, based on your individual tax situation.

    Copyright 2014, T. Rowe Price Investment Services, Inc., Distributor. All rights reserved.