Fund Tax Pro
VMATX Massachusetts (MA) exempt-interest percentage, tax year 2025
Vanguard Massachusetts Tax-Exempt Fund is Vanguard's Massachusetts fund, so Massachusetts is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| Massachusetts share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Page 1. Table 1: State-specific municipal bond funds |
| Federal AMT percentage, 2025 | ••.••% | 2025 Alternative Minimum Tax: Tax-Preference Dividends by Fund Page 1 |
Working out VMATX state deductibility in Massachusetts
Preparers looking up VMATX for a Massachusetts return usually start with the fund's Massachusetts percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Massachusetts 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 VMATX's tax year 2025 percentage for Massachusetts, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and page 1. Subscribers can also download Vanguard's document itself.