2022 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 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. Find your fund's ex-dividend date.

Dividends-Received Deductions Tables

T. Rowe Price Domestic Stock Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
All-Cap Opportunites 97.98
Balanced (All Quarters) 22.24
Blue Chip Growth
Capital Appreciation 40.43
Communications & Technology
Diversified Mid-Cap Growth
Dividend Growth (All Quarters) 100.00
Equity Income (All Quarters) 90.27
Equity Index 500 (All Quarters) 94.80
Extended Equity Market Index 72.87
Financial Services 100.00
Growth Stock
Health Sciences
Large-Cap Growth
Large-Cap Value 80.53
Mid-Cap Growth 100.00
Mid-Cap Value 69.24
Multi-Strategy Total Return 2.71
New Era 40.81
New Horizons
QM U.S. Small & Mid-Cap Core Equity 100.00
QM U.S. Small-Cap Growth Equity
QM U.S. Value Equity 97.16
Real Assets 22.76
Real Estate (All Quarters) 0.36
Science & Technology
Small-Cap Stock 92.20
Small-Cap Value 100.00
Spectrum Conservative Allocation (All Quarters) 11.09
Spectrum Moderate Allocation (All Quarters) 19.32
Spectrum Moderate Growth Allocation 37.83
Tax-Efficient Equity 100.00
Total Equity Market Index 99.96
U.S. Equity Research 78.24
U.S. Large-Cap Core 100.00
Value 77.00

T. Rowe Price International/Global Stock and Bond Funds

International/Global Stock Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
Africa & Middle East
Asia Opportunities 1.45
China Evolution Equity 0.57
Emerging Europe
Emerging Markets Discovery Stock
Emerging Markets Stock 2.23
European Stock
Global Allocation 12.75
Global Consumer
Global Growth Stock 100.00
Global Impact Equity
Global Industrials 22.07
Global Real Estate (All Quarters) 1.10
Global Stock
Global Technology
Global Value Equity 53.10
International Disciplined Equity
International Discovery
International Equity Index
International Stock 0.20
International Value Equity
Latin America
New Asia 0.76
Overseas Stock 1.22
QM Global Equity 41.73

International/Global Bond Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
Dynamic Credit 0.14
Dynamic Global Bond
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.32
Global Multi-Sector Bond 0.19
International Bond
International Bond (USD Hedged)

T. Rowe Price Taxable Bond and Money Market Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
Cash Reserves
Corporate Income
Credit Opportunities 1.03
Floating Rate 0.21
Government Money
High Yield 0.97
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income
QM U.S. Bond Index
Short Duration Income
Short-Term Bond
Total Return 0.51
U.S. High Yield 0.40
U.S. Limited Duration TIPS Index
U.S. Treasury Intermediate Index
U.S. Treasury Long-Term Index
U.S. Treasury Money
Ultra Short-Term Bond

T. Rowe Price Tax-Free Bond and Money Market Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
California Tax-Free Bond
Georgia Tax-Free Bond
Intermediate Tax-Free High Yield
Maryland Short-Term Tax-Free Bond
Maryland Tax-Free Bond
Maryland Tax-Free Money
New Jersey Tax-Free Bond
New York Tax-Free Bond
Summit Municipal Income
Summit Municipal Intermediate
Tax-Exempt Money
Tax-Free High Yield
Tax-Free Income
Tax-Free Short-Intermediate
Virginia Tax-Free Bond

T. Rowe Price Retirement, Spectrum, and Target Funds

T. Rowe Price Fund Percent Qualifying for Deduction1
Retirement 2005 8.26
Retirement 2010 9.44
Retirement 2015 10.39
Retirement 2020 11.85
Retirement 2025 15.23
Retirement 2030 22.27
Retirement 2035 31.83
Retirement 2040 42.50
Retirement 2045 49.45
Retirement 2050 54.37
Retirement 2055 54.29
Retirement 2060 49.78
Retirement 2065 45.70
Retirement Balanced 7.32
Retirement Balanced I - I Class 7.01
Retirement I 2005 - I Class 7.93
Retirement I 2010 - I Class 8.89
Retirement I 2015 - I Class 9.99
Retirement I 2020 - I Class 11.25
Retirement I 2025 - I Class 14.23
Retirement I 2030 - I Class 19.67
Retirement I 2035 - I Class 27.72
Retirement I 2040 - I Class 34.31
Retirement I 2045 - I Class 42.89
Retirement I 2050 - I Class 46.46
Retirement I 2055 - I Class 46.38
Retirement I 2060 - I Class 45.13
Retirement I 2065 - I Class 39.09
Retirement Income 2020 11.77
Retirement Blend 2005 9.19
Retirement Blend 2010 10.34
Retirement Blend 2015 11.50
Retirement Blend 2020 12.50
Retirement Blend 2025 15.86
Retirement Blend 2030 21.62
Retirement Blend 2035 28.79
Retirement Blend 2040 35.70
Retirement Blend 2045 41.23
Retirement Blend 2050 41.05
Retirement Blend 2055 41.60
Retirement Blend 2060 40.38
Retirement Blend 2065 34.58
Spectrum Diversified Equity 100.00
Spectrum Income 7.25
Spectrum International Equity 0.57
Target 2005 5.72
Target 2010 6.12
Target 2015 6.41
Target 2020 7.47
Target 2025 9.62
Target 2030 13.33
Target 2035 18.90
Target 2040 25.81
Target 2045 33.64
Target 2050 43.04
Target 2055 48.18
Target 2060 51.18
Target 2065 44.09

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.

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.

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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