BIV Tax Information
Vanguard Intermediate-Term Bond ETF
US Gov. Obligation
Ordinary Dividends derived from Federal Obligations
Last verified 2/13/2026*
See Disclaimer
About BIV State Tax Exemptions
For the 2025 tax year, Vanguard Intermediate-Term Bond ETF (BIV) reported that 51.09% of its Box 1a Dividend Income was derived from U.S. Government Obligations.
This percentage is critical for calculating state tax-exempt income. While federal obligations are generally free from state tax, specific states (California, New York, and Connecticut) have threshold requirements—typically requiring the fund to hold at least 50% of assets in federal obligations at quarter-end.
Fiduciary Commentary
BIV tracks the Bloomberg U.S. 5-10 Year Government/Credit Float Adjusted Index. It contains a mix of Treasury bonds and investment-grade corporate bonds.
Planning Point: Because this fund holds corporate debt, only the portion derived from U.S. Treasuries is typically exempt from state and local taxes, for those in CA/CT/NY it is typically close to be not deductible.
*Disclaimer: Sourced from Vanguard 2025 tax supplements. This data may change in a correction and state taxing authorities may disagree. This data is for informational purposes. Always verify with original source documents and a qualified tax professional before filing.