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 2021.
Percentage of income subject to AMT for 2021
Fund
|
Percentage of interest income
|
Delaware National High-Yield Municipal Bond Fund
|
11.18%
|
Delaware Tax-Free USA Fund
|
14.34%
|
Delaware Tax-Free USA Intermediate Fund
|
11.12%
|
Delaware Tax-Free Arizona Fund
|
3.90%
|
Delaware Tax-Free California Fund
|
5.66%
|
Delaware Tax-Free Colorado Fund
|
3.64%
|
Delaware Tax-Free Idaho Fund
|
3.62%
|
Delaware Minnesota High-Yield Municipal Bond Fund
|
4.96%
|
Delaware Tax-Free Minnesota Fund
|
6.42%
|
Delaware Tax-Free Minnesota Intermediate Fund
|
3.17%
|
Delaware Tax-Free New Jersey Fund |
5.21%
|
Delaware Tax-Free New York Fund |
6.81%
|
Delaware Tax-Free Oregon Fund |
2.65%
|
Delaware Tax-Free Pennsylvania Fund
|
10.44%
|