AMT percentages

The alternative minimum tax (AMT) was created for taxpayers who are eligible for certain tax deductions from their adjusted gross income. With the AMT, many deductions and credits normally allowed are eliminated for specific taxpayers.

A shareholder can determine if the AMT applies to him or her by completing the AMT calculation on IRS Form 6251. The instructions for Form 6251 will assist shareholders with calculating their AMT. A percentage of the income earned on the tax-exempt funds may be subject to the AMT. The information below is for calendar year 2019.

Percentage of income subject to AMT for 2019

Fund Percentage of interest income
Delaware National High-Yield Municipal Bond Fund 10.28%
Delaware Tax-Free USA Fund 7.85%
Delaware Tax-Free USA Intermediate Fund 8.16%
Delaware Tax-Free Arizona Fund 3.94%
Delaware Tax-Free California Fund 6.10%
Delaware Tax-Free Colorado Fund 3.50%
Delaware Tax-Free Idaho Fund 5.07%
Delaware Minnesota High-Yield Municipal Bond Fund 2.38%
Delaware Tax-Free Minnesota Fund 7.40%
Delaware Tax-Free Minnesota Intermediate Fund 3.73%
Delaware Tax-Free New York Fund 6.62%
Delaware Tax-Free Pennsylvania Fund 8.05%
Source: Delaware Funds® by Macquarie

Investing involves risk, including the possible loss of principal.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus and its summary prospectus, which may be obtained by visiting or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. Advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.