Fund Tax Pro
PRMDX Maryland (MD) exempt-interest percentage, tax year 2025
T. Rowe Price Maryland Short-Term Tax-Free Bond Fund is T. Rowe Price's Maryland fund, so Maryland is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| Maryland share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 14. Taxability of State Tax-Free Funds' Dividend Income |
| Federal AMT percentage, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 14 |
Working out PRMDX state deductibility in Maryland
Preparers looking up PRMDX for a Maryland return usually start with the fund's Maryland percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Maryland portion. Fund Tax Pro supplies the published percentage, the calculation and the source; the preparer decides how it is treated on the return.
Backup for the client file
The backup PDF records PRMDX's tax year 2025 percentage for Maryland, the calculation, the document title (2025 Tax Information for Tax-Free Funds (saved web page)) and page 14. Subscribers can also download T. Rowe Price's document itself.