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