Fund Tax Pro
VNJTX New Jersey (NJ) exempt-interest percentage, tax year 2025
Vanguard New Jersey Long-Term Tax-Exempt Fund is Vanguard's New Jersey fund, so New Jersey is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| New Jersey 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 VNJTX state deductibility in New Jersey
Preparers looking up VNJTX for a New Jersey return usually start with the fund's New Jersey percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New Jersey 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 VNJTX's tax year 2025 percentage for New Jersey, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and page 1. Subscribers can also download Vanguard's document itself.