What is the 2025 US Government Obligation percentage for SPRXX?

The 2025 US Government Obligation percentage for SPRXX is 14.56%. This is the portion of Box 1a Dividend Income derived from federal obligations.

Is SPRXX state tax exempt in California, New York, or Connecticut?

For 2025, SPRXX does not meet the threshold for California, does not meet New York requirements, and does not meet Connecticut requirements.

SPRXX Tax Information

Fidelity Money Market Fund

Fidelity Funds • Tax Year 2025

US Gov. Obligation

14.56%^*

Ordinary Dividends derived from Federal Obligations

Last verified 2/13/2026^*

See Disclaimer

California Eligible

New York Eligible

Connecticut Eligible

About SPRXX State Tax Exemptions

For the 2025 tax year, Fidelity Money Market Fund (SPRXX) reported that 14.56% 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

SPRXX is a "Prime" money market fund. This means it invests in corporate commercial paper and certificates of deposit in addition to government debt to generate slightly higher yield.

Planning Point: Income from SPRXX is generally mostly taxable at both the federal and state levels.

*Disclaimer: Sourced from Fidelity 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.