SNSXX Tax Information
Schwab U.S. Treasury Money Fund
US Gov. Obligation
Ordinary Dividends derived from Federal Obligations
Last verified 2/13/2026*
See Disclaimer
About SNSXX State Tax Exemptions
For the 2025 tax year, Schwab U.S. Treasury Money Fund (SNSXX) reported that 99.99% 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
SNSXX is a Treasury-only fund. Unlike Schwab's "Value Advantage" (SWVXX), SNSXX invests almost exclusively in U.S. Treasuries.
Planning Point: With a federal obligation percentage typically near 100%, this fund is an excellent choice for clients in high-income tax states. It easily clears the 50% asset threshold requirement and increases the tax-equivalent yield.
*Disclaimer: Sourced from Schwab 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.