[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303637-105":53,"doc-detail-303637-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","tax-exempt-interest-dividends-by-state-for-2025","TAX-EXEMPT INTEREST DIVIDENDS BY STATE FOR 2025","","Tax-exempt interest dividends by state for 2025 are summarized for holders of qualified municipal obligations. It explains that federal income tax generally treats interest from coupon or original issue discount as tax-free, but market discount on secondary-market purchases can be taxable under Internal Revenue Code sections 1276 and 1278, with taxable market-discount portions potentially paid as dividends reported in Box 1a of Form 1099-DIV. It also provides state-income-tax guidance: only the portion earned from the shareholder’s state of residence may qualify, using Box 12 and state percentages, while noting threshold rules can cause fully taxable outcomes in some states.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/tax-exempt-interest-dividends-by-state-for-2025/303637/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/tax-exempt-interest-dividends-by-state-for-2025/303637.png","ImageObject",442,249,{"name":88,"@type":89},"Quinn","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-23","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"How does the document explain federal tax treatment for 2025 tax-exempt interest dividends?","Question",{"text":108,"@type":109},"Interest income from coupon or original issue discount on qualified municipal obligations is generally tax-free for federal income tax. However, market discount from secondary-market purchases can be taxable under sections 1276 and 1278, and may be reported as taxable dividends in Box 1a of Form 1099-DIV.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How should shareholders compute the amount potentially exempt from state income tax?",{"text":113,"@type":109},"Use the tax-exempt interest income amount in Box 12 of the 2025 IRS Form 1099-DIV, then multiply it by the applicable state percentage shown in the table to estimate the amount potentially exempt from state income tax.",{"name":115,"@type":106,"acceptedAnswer":116},"Why might an exempt-income dividend become taxable in some states?",{"text":117,"@type":109},"Some states have fund investment threshold requirements for passing through state-exempt income. If the fund does not meet the threshold, exempt-income dividends could be completely taxable for residents of that state.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303637,1790075900,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},962075114765,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","TAX-EXEMPT INTEREST DIVIDENDS BY STATE FOR 2025  \nGenerally, interest income from coupon or \"original issue discount\" on a qualified municipal obligation is tax-free for federal income tax purposes. If any holder (individual, fund or otherwise) purchases such a qualified municipal obligation on the secondary market at a discount to the obligation's face value or original issue discount cost basis, sections 1276 and 1278 of the Tax Code treat such \"market discount\" as taxable income. Accordingly, a portion of such market discount \"earned\" (on a fixed yield to maturity basis) may be paid by a fund as taxable dividends in Box 1a of your financial advisor or brokerage firm 2025 IRS Form 1099-DIV.  \nAlthough income dividends paid by the iShares multi-state funds are generally exempt from US Federal income tax (subject to the market discount discussion above), for state income tax purposes only the portion of Fund income dividends earned from the shareholder's state of residence (and from US territorial obligations) may be exempt from state personal income tax. The information below is provided to assist with the completion of shareholder state income tax returns. The amount of tax-exempt interest income in Box 12 of 2025 IRS Form 1099-DIV should be multiplied by the applicable state percentage below to obtain the amount of income potentially exempt from state income tax.  \nPlease note that some states (such as California, Minnesota or New Jersey) have fund investment threshold requirements for passing through state-exempt income which could result in exempt-income dividends being completely taxable in the state with the investment threshold. 1 Shareholders accordingly should consult their tax advisors for the appropriate tax treatment of income dividends in their state of residence. For the state-specific funds, income dividends will generally be substantially exempt from federal and local income taxes for a resident of that state.  \nThis spreadsheet does not constitute, and should not be considered a substitute for, legal advice. The rules governing the proper tax characterization of distributions by investment companies can be complex. Shareholders should consult their own tax advisor regarding the proper tax characterization and reporting of the fund’s distributions.  \n\n| STATE / TERRITORY | iShares Short-Term California Muni Active ETF (CALI) | iShares California Muni Bond ETF\u003Cbr>(CMF) | iShares High Yield Muni Active ETF\u003Cbr>(HIMU) | iShares® iBonds® Dec\u003Cbr>2025 Term Muni Bond ETF\u003Cbr>(IBMN) | iShares® iBonds® Dec\u003Cbr>2026 Term Muni Bond ETF\u003Cbr>(IBMO) | iShares® iBonds® Dec\u003Cbr>2027 Term Muni Bond ETF\u003Cbr>(IBMP) | iShares® iBonds® Dec\u003Cbr>2028 Term Muni Bond ETF\u003Cbr>(IBMQ) | iShares® iBonds® Dec\u003Cbr>2029 Term Muni Bond ETF\u003Cbr>(IBMR) | iShares® iBonds® Dec\u003Cbr>2030 Term Muni Bond ETF\u003Cbr>(IBMS) | iShares® iBonds® Dec\u003Cbr>2031 Term Muni Bond ETF\u003Cbr>(IBMT) | iShares Intermediate Muni Income Active ETF (INMU) | iShares Long-Term National Muni Bond ETF (LMUB) | iShares Short Maturity\u003Cbr>Municipal Bond Active ETF\u003Cbr>(MEAR) | iShares National Muni Bond ETF\u003Cbr>(MUB) | iShares New York Muni Bond ETF\u003Cbr>(NYF) | iShares Short Duration\u003Cbr>High Yield Muni Active ETF\u003Cbr>(SHYM) | iShares Short-Term National Muni Bond ETF (SUB) |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| Alabama | 0.00% | 0.00% | 3.56% | 0.33% | 2.79% | 1.50% | 0.61% | 0.55% | 1.14% | 0.72% | 9.81% | 2.51% | 6.51% | 0.70% | 0.00% | 6.46% | 0.87% |\n| Alaska | 0.00% | 0.00% | 0.16% | 0.18% | 0.20% | 0.16% | 0.02% | 0.41% | 0.64% | 0.61% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 0.10% |\n| Arizona | 0.00% | 0.00% | 2.19% | 1.79% | 2.25% | 1.77% | 1.52% | 1.79% | 1.71% | 1.49% | 0.31% | 0.83% | 0.48% | 0.88% | 0.00% | 2.96% | 1.09% |\n| Arkansas | 0.00% | 0.00% | 1.83% | 0.04% | 0.08% | 0.11% | 0.00% | 0.06% | 0.22% | 0.23% | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.65% | 0.01% |\n| California | 99.85% | 99.99% | 11","cbCaibQL3DBNwow0","https://ap.wps.com/l/cbCaibQL3DBNwow0","pdf",73993,"English","# Federal income tax treatment\n## Qualified municipal obligation interest and market discount\n# State income tax treatment\n## Box 12 and applicable state percentage\n## State investment threshold considerations\n# ETFs and reporting guidance\n## Consultation and disclaimer","[{\"question\":\"How does the document explain federal tax treatment for 2025 tax-exempt interest dividends?\",\"answer\":\"Interest income from coupon or original issue discount on qualified municipal obligations is generally tax-free for federal income tax. However, market discount from secondary-market purchases can be taxable under sections 1276 and 1278, and may be reported as taxable dividends in Box 1a of Form 1099-DIV.\"},{\"question\":\"How should shareholders compute the amount potentially exempt from state income tax?\",\"answer\":\"Use the tax-exempt interest income amount in Box 12 of the 2025 IRS Form 1099-DIV, then multiply it by the applicable state percentage shown in the table to estimate the amount potentially exempt from state income tax.\"},{\"question\":\"Why might an exempt-income dividend become taxable in some states?\",\"answer\":\"Some states have fund investment threshold requirements for passing through state-exempt income. If the fund does not meet the threshold, exempt-income dividends could be completely taxable for residents of that state.\"}]","TAX-EXEMPT INTEREST DIVIDENDS BY STATE FOR 2025 | PDF",1789805829]