State tax exclusions for U.S. government income worksheet — American Funds

The funds listed below distributed income from U.S. government obligations. Some of the ordinary dividends paid by these funds may be excluded from state income tax.

States and jurisdictions allowing exclusions

To the best of our knowledge, the states and jurisdictions listed below allow individual shareholders to exclude from their state taxable income the portion of mutual fund dividends derived from interest on certain U.S. government obligations. The state tax exclusion may not apply to corporations and other entities. States without individual income tax are not listed.

  • Alabama
  • Arizona
  • Arkansas
  • California*
  • Colorado
  • Connecticut*
  • Delaware
  • District of Columbia
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York*
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Utah
  • Vermont
  • Virginia
  • West Virginia
  • Wisconsin

2023 worksheet instructions

  1. An individual taxpayer filing an income tax return in one of the states or jurisdictions listed above (except California, Connecticut and New York), who owns shares of any of the below funds, should complete this worksheet. Corporations and other entities should consult their tax advisors.
  2. For each fund and share class owned, enter the Total Ordinary Dividends reported in Box 1a of Form 1099-DIV next to the fund’s name in the worksheet.
American Funds Total ordinary dividends
AMCAP Fund $
American Balanced Fund $
American Funds 2065 Target Date Retirement Fund $
American Funds 2060 Target Date Retirement Fund $
American Funds 2055 Target Date Retirement Fund $
American Funds 2050 Target Date Retirement Fund $
American Funds 2045 Target Date Retirement Fund $
American Funds 2040 Target Date Retirement Fund $
American Funds 2035 Target Date Retirement Fund $
American Funds 2030 Target Date Retirement Fund $
American Funds 2025 Target Date Retirement Fund $
American Funds 2020 Target Date Retirement Fund $
American Funds 2015 Target Date Retirement Fund $
American Funds 2010 Target Date Retirement Fund $
American Funds Conservative Growth and Income Portfolio $
American Funds Corporate Bond Fund $
American Funds Developing World Growth and Income Fund $
American Funds Emerging Markets Bond Fund $
American Funds Global Balanced Fund $
American Funds Global Growth Portfolio $
American Funds Global Insight Fund $
American Funds Growth and Income Portfolio $
American Funds Growth Portfolio $
American Funds Inflation Linked Bond Fund* $
American Funds International Vantage Fund $
American Funds Moderate Growth and Income Portfolio $
American Funds Mortgage Fund $
American Funds Multi-Sector Income Fund $
American Funds Preservation Portfolio $
American Funds Retirement Income Portfolio — Conservative $
American Funds Retirement Income Portfolio — Enhanced $
American Funds Retirement Income Portfolio — Moderate $
American Funds Strategic Bond Fund $
American Funds Tax-Aware Conservative Growth and Income Portfolio $
American Funds U.S. Government Money Market Fund* $
American High-Income Municipal Bond Fund $
American High-Income Trust $
American Mutual Fund $
Bond Fund of America $
Capital Income Builder $
Capital World Bond Fund $
Capital World Growth and Income Fund $
EuroPacific Growth Fund $
Fundamental Investors $
Growth Fund of America $
Income Fund of America $
Intermediate Bond Fund of America $
International Growth and Income Fund $
Investment Company of America $
New Economy Fund $
New Perspective Fund $
New World Fund $
Short-Term Bond Fund of America $
SMALLCAP World Fund $
Tax-Exempt Bond Fund of America $
Tax-Exempt Fund of California* $
U.S. Government Securities Fund $
Washington Mutual Investors Fund $
Capital Group exchange-traded funds Total ordinary dividends
CGUS - Capital Group Core Equity ETF $
CGDG - Capital Group Dividend Growers ETF $
CGIE - Capital Group International Equity ETF $
CGCB - Capital Group Core Bond ETF $
CGBL - Capital Group Core Balanced ETF $
CGCP - Capital Group Core Plus Income ETF $
CGDV - Capital Group Dividend Value ETF $
CGGO - Capital Group Global Growth Equity ETF $
CGGR - Capital Group Growth ETF $
CGXU - Capital Group International Focus Equity ETF $
CGSD - Capital Group Short Duration Income ETF $
CGMS - Capital Group U.S. Multi-Sector Income ETF $

What you will need

Shareholders filing returns in California, Connecticut and New York

The percentage of the dividends paid by American Funds Inflation Linked Bond Fund and American Funds U.S. Government Money Market Fund as disclosed in the table qualifies for the exclusion in all 3 states. The percentage of dividends paid by The Tax-Exempt Fund of California as disclosed in the table qualifies for the exclusion in California only. No other funds’ dividends qualified.

*Shareholders filing returns in California, Connecticut and New York: The percentage of the dividends paid by American Funds Inflation Linked Bond Fund and American Funds U.S. Government Money Market Fund as disclosed in the table qualifies for the exclusion in all 3 states. The percentage of dividends paid by The Tax-Exempt Fund of California as disclosed in the table qualifies for the exclusion in California only. No other funds’ dividends qualified.

To determine your individual tax situation, please consult your tax advisor.