2018 Dividends-Received Deductions

Corporate taxpayers generally are entitled to a deduction for dividends received from another domestic corporation. To determine the amount of dividends qualifying for this deduction, multiply the "percent qualifying for deduction" (shown in the table) by the amount of your total ordinary dividends. Please note that ordinary dividends of a mutual fund includes, if applicable, net short-term capital gains and foreign taxes paid.

Note that you may not take this deduction for a dividend on shares of a fund that have been held for less than 46 days during the 91-day period beginning on the date 45 days before the ex-dividend date. You may find your fund's ex-dividend date here.

Dividends-Received Deductions Tables
T. Rowe Price Domestic Stock Funds
  Percent Qualifying for Deduction1
Balanced (All Quarters) 30.70%
Blue Chip Growth 98.56%
Capital Appreciation 76.24%
Capital Opportunity 89.66%
Communications & Technology2 100.00%
Diversified Mid-Cap Growth  55.19%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 94.71%
Equity Index 500 (All Quarters) 93.05%
Extended Equity Market Index 55.48%
Financial Services 38.29%
Growth & Income (All Quarters) 58.56%
Growth Stock 72.80%
Health Sciences 58.38%
Mid-Cap Growth 74.24%
Mid-Cap Value 73.87%
Multi-Strategy Total Return 4.00%
New America Growth 72.46%
New Era 73.47%
New Horizons 23.78%
Personal Strategy Balanced (All Quarters) 21.65%
Personal Strategy Growth 36.10%
Personal Strategy Income (All Quarters) 12.44%
QM U.S. Small & Mid-Cap Core Equity 84.40%
QM U.S. Small-Cap Growth Equity 65.60%
QM U.S. Value Equity 91.07%
Real Assets  16.37%
Real Estate (All Quarters) 0.65%
Science & Technology 7.01%
Small-Cap Stock 39.32%
Small-Cap Value 100.00%
Tax-Efficient Equity  100.00%
Total Equity Market Index 93.95%
U.S. Large-Cap Core 54.48%
Value 79.60%
T. Rowe Price International/Global Stock and Bond Funds
  Percent Qualifying for Deduction1
International/Global Stock Funds
Africa & Middle East
Asia Opportunities 7.47%
Emerging Europe
Emerging Markets Stock 1.47%
Emerging Markets Value Stock
European Stock
Global Allocation 13.13%
Global Consumer 87.29%
Global Growth Stock 17.82%
Global Industrials 20.61%
Global Real Estate (All Quarters) 0.38%
Global Stock 17.17%
Global Technology 6.21%
International Concentrated Equity
International Discovery 0.04%
International Equity Index
International Stock 1.43%
International Value Equity 0.09%
Japan
Latin America
New Asia 1.16%
Overseas Stock 0.70%
QM Global Equity 58.60%
International/Global Bond Funds
Dynamic Global Bond 0.49%
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.95%
Global Multi-Sector Bond
International Bond
International Bond USD Hedged
T. Rowe Price Taxable Bond Funds
  Percent Qualifying for Deduction1
Cash Reserves
Corporate Income 0.38%
Credit Opportunities 1.88%
Floating Rate 0.31%
GNMA
Government Money
High Yield 2.20%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income
Short-Term Bond
Total Return 1.14%
Ultra Short-Term Bond
U.S. Bond Enhanced Index
U.S. High Yield
U.S. Treasury Intermediate
U.S. Treasury Long-Term
U.S. Treasury Money
T. Rowe Price Tax-Free Bond Funds
  Percent Qualifying for Deduction1
California Tax-Free Bond
California Tax-Free Money N/A
Georgia Tax-Free Bond N/A
Intermediate Tax-Free High Yield
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond N/A
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond N/A
New York Tax-Free Bond
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate
Summit Municipal Money Market N/A
Tax-Exempt Money N/A
Tax-Free High Yield 16.47%
Tax-Free Income
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond N/A
T. Rowe Price Retirement, Spectrum, and Target Funds
  Percent Qualifying for Deduction1
Retirement 2005 10.87%
Retirement 2010 13.00%
Retirement 2015 14.66%
Retirement 2020 17.36%
Retirement 2025 20.41%
Retirement 2030 22.98%
Retirement 2035 27.19%
Retirement 2040 29.02%
Retirement 2045 32.92%
Retirement 2050 34.48%
Retirement 2055 35.42%
Retirement 2060 35.47%
Retirement Balanced 13.14%
Retirement Income 2020 13.27%
Retirement I 2005 - I Class 11.18%
Retirement I 2010 - I Class 13.31%
Retirement I 2015 - I Class 15.03%
Retirement I 2020 - I Class 18.92%
Retirement I 2025 - I Class 22.11%
Retirement I 2030 - I Class 25.88%
Retirement I 2035 - I Class 28.86%
Retirement I 2040 - I Class 32.24%
Retirement I 2045 - I Class 34.77%
Retirement I 2050 - I Class 33.96%
Retirement I 2055 - I Class 35.13%
Retirement I 2060 - I Class 34.99%
Retirement Balanced I - I Class 13.29%
Spectrum Growth 40.60%
Spectrum Income 6.86%
Spectrum International 0.60%
Target 2005 11.24%
Target 2010 11.62%
Target 2015 12.22%
Target 2020 14.56%
Target 2025 17.87%
Target 2030 20.76%
Target 2035 23.59%
Target 2040 26.63%
Target 2045 29.60%
Target 2050 32.62%
Target 2055 36.00%
Target 2060 38.61%

1 This percentage applies to the sum of your income dividend plus short-term capital gain distribution paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.

2 Formerly Media & Telecommunications Fund.

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes). For more information on Advisor, R, Institutional, and Portfolio funds, please visit our website for financial intermediaries at www.troweprice.com/financial-intermediary/us/en/investments/tax-center.html.

N/A indicates that a fund did not pay a dividend or short-term capital gain, or pass through foreign tax paid.

A dash indicates that the fund paid a dividend or short-term capital gain, but it was not entitled to a deduction for dividends received.

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