The American Funds listed below distributed income from U.S. government obligations. Some of the ordinary dividends paid by these funds may be excluded from state income tax.
To the best of our knowledge, the states and jurisdictions listed below allow individual shareholders to exclude from their state taxable income the portion of mutual fund dividends derived from interest on certain U.S. government obligations. The state tax exclusion may not apply to corporations and other entities. States without individual income tax are not listed. Tennessee no longer imposes an individual income tax effective January 1, 2021, and is therefore removed from the list below.
The percentage of the dividends paid by American Funds Inflation Linked Bond Fund and U.S. Government Securities Fund as disclosed in the table qualifies for the exclusion. No other funds’ dividends qualified.
*Shareholders Filing Returns in California, Connecticut and New York: The percentage of the dividends paid by American Funds Inflation Linked Bond Fund and U.S. Government Securities Fund as disclosed in the table qualifies for the exclusion. No other funds’ dividends qualified.
To determine your individual tax situation, please consult your tax advisor.