National tax-free funds

The alternative minimum tax (AMT) was created for taxpayers who are eligible for certain tax deductions from their adjusted gross income. With the AMT, many deductions and credits normally allowed are eliminated for specific taxpayers.

A shareholder can determine if the AMT applies to him or her by completing the AMT calculation on IRS Form 6251 or by using the AMT Assistant Webtool available on the IRS website at irs.gov. The instructions for Form 6251 and the IRS Webtool will assist shareholders with calculating their AMT. A percentage of the income earned on the tax-exempt funds may be subject to the AMT. The information below is for calendar year 2013.

Percentage of interest income subject to AMT for 2013

Delaware Investments Funds Percentage of interest income
Delaware Tax-Free USA Fund 4.80%
Delaware Tax-Free USA Intermediate Fund 2.88%
Delaware National High-Yield Municipal Bond Fund 10.77%
Source: Delaware Investments

Investing involves risk, including the possible loss of principal.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus and its summary prospectus, which may be obtained by visiting our fund literature page or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.

Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.