You get that from your mutual fund company. If they did not provide a breakdown, you select “More than one state” at the bottom of the state scroll down list. If your mutual fund company provided you a breakdown, you are only interested in your home state*.
Who qualifies for tax-exempt status?
Some common examples of organizations that may qualify for tax-exempt status include child care, churches and religious, and social welfare organizations. Operating as one of the above organizations does not mean you are tax exempt. You must apply through the IRS for tax exemption.
Where did my tax-exempt dividends come from?
Exempt interest dividends are entered from Form 1099-DIV, Box 10. In practice, such federal tax-exempt, but state-taxable, dividends often come from mutual funds or Exchange Traded Funds (ETFs) that hold a multi-state portfolio of municipal bonds.
What do you need to know about tax exempt status?
Want to know more about tax-exempt status? Here is our quick guide to state tax-exempt status (states vary on other taxes, so you will want to check with your state for sales tax exemption, property tax exemption, etc.). States do change their laws, so the following information is not guaranteed to be accurate in every case.
How to apply for tax exempt status online?
Once you have followed the steps outlined on this page, you will need to determine what type of tax-exempt status you want. Note: As of January 31, the IRS requires that Form 1023 applications for recognition of exemption be submitted electronically online at For more information, please refer to the Form 1023 product page.
How does a nonprofit get tax exempt status?
When applying for tax-exempt status, the federal government must recognize the nonprofit status. You can get nonprofit status quite easily, without complicated filings or structures. Neighborhood groups, for example, exist as nonprofits without many formalities. The federal regulators recognize corporations as a form of nonprofits.
Can a federal employee be exempt from state taxes?
The federal income tax exemption does not automatically exempt the employee from state or local income taxes. In some states, Form W-4 might or might not exempt the employee from state or local income taxes. The employee might need to fill out a different form for state or local withholding.