Fund Tax Pro
PRVAX Virginia (VA) exempt-interest percentage, tax year 2025
T. Rowe Price Virginia Tax-Free Bond Fund is T. Rowe Price's Virginia fund, so Virginia is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| Virginia 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 PRVAX state deductibility in Virginia
Preparers looking up PRVAX for a Virginia return usually start with the fund's Virginia percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Virginia 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 PRVAX's tax year 2025 percentage for Virginia, 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.