2019 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) 28.00%
Blue Chip Growth 100.00%
Capital Appreciation 28.78%
Communications & Technology 100.00%
Diversified Mid-Cap Growth 92.44%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 95.04%
Equity Index 500 (All Quarters) 91.24%
Extended Equity Market Index 65.40%
Financial Services 73.01%
Growth & Income (All Quarters) 90.52%
Growth Stock 55.91%
Health Sciences 100.00%
Mid-Cap Growth 82.64%
Mid-Cap Value 89.47%
Multi-Strategy Total Return 4.46%
New America Growth 100.00%
New Era 55.99%
New Horizons 1.07%
Personal Strategy Balanced2 (All Quarters) 21.84%
Personal Strategy Growth3 37.14%
Personal Strategy Income4 (All Quarters) 12.06%
QM U.S. Small & Mid-Cap Core Equity 87.03%
QM U.S. Small-Cap Growth Equity
QM U.S. Value Equity 91.05%
Real Assets 15.99%
Real Estate (All Quarters) 0.51%
Science & Technology 12.22%
Small-Cap Stock 73.11%
Small-Cap Value 100.00%
Tax-Efficient Equity 100.00%
Total Equity Market Index 91.73%
U.S. Equity Research5 100.00%
U.S. Large-Cap Core 98.22%
Value 100.00%
T. Rowe Price International/Global Stock and Bond Funds
  Percent Qualifying for Deduction1
International & Global Stock Funds
Africa & Middle East
Asia Opportunities 1.74%
China Evolution Equity N/A
Emerging Europe
Emerging Markets Stock 1.61%
Emerging Markets Discovery Stock6
European Stock 1.36%
Global Allocation 16.31%
Global Consumer 97.41%
Global Growth Stock 88.19%
Global Industrials 100.00%
Global Real Estate (All Quarters) 0.33%
Global Stock 100.00%
Global Technology
International Disciplined Equity7
International Discovery
International Equity Index
International Stock 1.86%
International Value Equity
Japan
Latin America 2.90%
New Asia 0.56%
Overseas Stock 1.73%
QM Global Equity 52.29%
International & Global Bond Funds
Dynamic Credit
Dynamic Global Bond 2.02%
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.55%
Global Multi-Sector Bond
International Bond
International Bond (USD Hedged)
T. Rowe Price Taxable Bond Funds
  Percent Qualifying for Deduction1
Cash Reserves
Corporate Income
Credit Opportunities 1.88%
Floating Rate 0.24%
GNMA
Government Money 
High Yield 1.80%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income
Short-Term Bond
Total Return 0.27%
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 N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond
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 N/A
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate N/A
Summit Municipal Money Market
Tax-Exempt Money N/A
Tax-Free High Yield N/A
Tax-Free Income N/A
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond 0.25%
T. Rowe Price Retirement, Spectrum, and Target Funds
  Percent Qualifying for Deduction1
Retirement 2005 13.27%
Retirement 2010 15.09%
Retirement 2015 16.42%
Retirement 2020 18.52%
Retirement 2025 22.41%
Retirement 2030 25.93%
Retirement 2035 28.97%
Retirement 2040 31.78%
Retirement 2045 36.00%
Retirement 2050 36.73%
Retirement 2055 35.45%
Retirement 2060 35.13%
Retirement Balanced 16.07%
Retirement Income 2020 13.31%
Retirement I 2005 - I Class 13.94%
Retirement I 2010 - I Class 17.04%
Retirement I 2015 - I Class 18.46%
Retirement I 2020 - I Class 22.01%
Retirement I 2025 - I Class 25.05%
Retirement I 2030 - I Class 27.36%
Retirement I 2035 - I Class 30.94%
Retirement I 2040 - I Class 33.99%
Retirement I 2045 - I Class 36.36%
Retirement I 2050 - I Class 36.71%
Retirement I 2055 - I Class 36.36%
Retirement I 2060 - I Class 37.15%
Retirement Balanced I - I Class 17.63%
Spectrum Growth 38.96%
Spectrum Income 8.68%
Spectrum International 0.97%
Target 2005 13.85%
Target 2010 14.95%
Target 2015 14.48%
Target 2020 17.64%
Target 2025 20.06%
Target 2030 22.53%
Target 2035 25.19%
Target 2040 26.99%
Target 2045 29.22%
Target 2050 32.55%
Target 2055 36.46%
Target 2060 37.33%

1This 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.

2Effective January 1, 2020, name was changed to Spectrum Moderate Allocation.

3Effective January 1, 2020, name was changed to Spectrum Moderate Growth Allocation.

4Effective January 1, 2020, name was changed to Spectrum Conservative Allocation.

5Formerly Capital Opportunity

6Formerly Emerging Markets Value Stock

7Formerly International Concentrated Equity

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.

Related Content

Call an Investment Specialist at 877-495-1138

Weekdays: 8:00AM - 8:00PM EST

Ready to get started?