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Tax Resource Center

Important information to guide you and your clients through tax season.

2022 Tax dates

The tax deadline for filing individual 2021 IRS Federal Tax Returns and IRA contributions is April 18, 2022. State filing deadlines may vary. Check with the state's Department of Revenue for state filing updates. Some states affected by disasters may have later tax filing deadlines.

Make final contributions for 2021

Any contribution made to a Traditional or Roth IRA or a Coverdell Education Savings Account on or before April 18, 2022 can be made for 2021 as long you indicate that is for the 2021 tax year. Maximum contribution for Traditional and Roth IRAs: $6,000 (plus a $1,000 "catch up" contribution if your client is 50 or older).

Taxes and tax returns are generally due unless you file for an extension

If your clients won’t make the April 18, 2022 due date for filing 2021 taxes, they can file for an extension by that date. If you request a personal extension for after April 18, 2022 this does not extend the deadline for payment of taxes owed and for making IRA or Coverdell Education Savings Account contribution for 2021. For more information visit the IRS.

Tax Form mail date information for accounts held directly with Thrivent Mutual Funds

The 5498 and/or 1099 will generally be mailed by January 31. Clients can access it online through their accounts. For Thrivent Mutual Funds that invest in REITs (real estate investment trusts), forms will be mailed and available online mid-February

  • Thrivent Diversified Income Plus Fund
  • Thrivent Multidimensional Income Fund

IRS form 5498 Coverdell Education Savings Account (CESA) reporting contributions for the previous year will be mailed by April 30. If your client made Traditional or Roth IRA contributions for 2021 in 2022, IRS Form 5498 will be mailed by June 30.

2021 Capital gains

Below are the capital gains paid by Thrivent Mutual Funds in 2021. If a fund is not listed, there are no capital gains for the fund. Dividends and capital gain distributions earned in qualified retirement accounts are not taxable unless paid directly to you in cash. 

Thrivent Mutual Funds 2021 Capital Gain Distributions
Thrivent Mutual Fund Record Date Payment Date Short-Term Capital Gain (Per Share) Long-Term Capital Gain (Per Share) Total (Per Share)
Aggressive Allocation Fund
12/8/2021 12/9/2021 $0.44923 $1.31661 $1.76584
Balanced Income Plus Fund 12/8/2021 12/9/2021 $0.21708 $0.57049 $0.78757
Diversified Income Plus Fund 12/30/2021 12/31/2021 $0.08712 $0.23820 $0.32532
Global Stock Fund
12/8/2021 12/9/2021 $1.21706 $2.68058 $3.89764
Income Fund
12/8/2021 12/9/2021 $0.00262 $0.15722 $0.15984
International Allocation Fund 12/8/2021 12/9/2021 $0.19783 $0.60757 $0.80540
Large Cap Growth Fund
12/8/2021 12/9/2021 $0.08173 $1.13080 $1.21253
Large Cap Value Fund
12/8/2021 12/9/2021 $0.46255 $1.41190 $1.87445
Limited Maturity Bond Fund 12/8/2021 12/9/2021 $0.00000 $0.00671 $0.00671
Low Volatility Equity Fund 12/8/2021 12/9/2021 $0.00000 $0.66027 $0.66027
Mid Cap Growth Fund
12/8/2021 12/9/2021 $0.07386 $0.43047 $0.50433
Mid Cap Stock Fund
12/8/2021 12/9/2021 $0.76072 $3.30254 $4.06326
Mid Cap Value Fund 12/8/2021 12/9/2021 $0.29744 $0.32412 $0.62156
Moderate Allocation Fund 12/8/2021 12/9/2021 $0.20184 $0.59732 $0.79916
Moderately Aggressive Allocation Fund 12/8/2021 12/9/2021 $0.21850 $0.77814 $0.99664
Moderately Conservative Allocation Fund
12/8/2021 12/9/2021 $0.06025 $0.24418 $0.30443
Multidimensional Income Fund 12/30/2021 12/31/2021 $0.06673 $0.06497 $0.13170
Small Cap Growth Fund 12/8/2021 12/9/2021 $0.14195 $0.31927 $0.46122
Small Cap Stock Fund 12/8/2021 12/9/2021
$0.99948 $2.48355
$3.48303
Small Cap Stock Fund 6/21/2021 6/22/2021 $0.0000 $0.0066 $0.0066

If a fund is not listed, there are no capital gains for the fund at this time.

 

2021 State information for federal tax-exempt dividends

Most distributions received from Thrivent Municipal Bond Fund or Thrivent High Income Municipal Bond Fund are taxable at the state level. Some states do not tax their own residents on interest attributed to municipal securities issued by that state. Clients may be able to exclude the appropriate percentage—as shown in the chart below—of the tax-exempt income received from the Fund when calculating state income tax.

Thrivent Municipal Bond Fund information by state for 2021
STATE
% of Dividends and state specific information
ALABAMA 0.34%
ALASKA 0.01%
ARIZONA 1.94%
ARKANSAS 0.36%
CALIFORNIA 9.32%
COLORADO 4.95%
CONNECTICUT 0.26%
DELAWARE 0.27%
DISTRICT OF COLUMBIA 1.41%
FLORIDA 4.00%
GEORGIA 0.97%
GUAM 0.02%
HAWAII 1.53%
IDAHO 0.01%
ILLINOIS 7.16%

INDIANA

 

1.04%

For Indiana residents, 20% of the dividends from the Thrivent Municipal Bond Fund are considered tax-exempt for state tax purposes.

IOWA 1.80%
KANSAS 0.96%
KENTUCKY 0.49%
LOUISIANA 2.15%
MAINE 0.01%
MARYLAND 0.23%
MASSACHUSETTS 4.61%
MICHIGAN 2.49%
MINNESOTA

3.22%

Minnesota Residents: 100% of your federal tax-exempt dividends for this fund are subject to Minnesota Income Tax.

MISSISSIPPI 0.39%
MISSOURI 0.88%
MONTANA 0.46%   
NEBRASKA 2.10%
NEVADA 0.34%
NEW HAMPSHIRE 0.44%
NEW JERSEY 2.40%
NEW YORK 9.04%
NORTH CAROLINA 0.90%
NORTH DAKOTA 0.40%
OHIO 5.97%
OKLAHOMA 1.50%
OREGON 1.34%
PENNSYLVANIA 2.40%
PUERTO RICO
0.47%
SOUTH CAROLINA 1.63%
SOUTH DAKOTA 0.09%
TENNESSEE 0.43%
TEXAS 9.27%

UTAH

 

1.55%

For Utah residents, 20% of the dividends from the Thrivent Municipal Bond Fund are considered tax-exempt for state tax purposes (using the piggyback method).  

VERMONT 0.25%
VIRGINIA 2.98%
WASHINGTON 2.56%
WEST VIRGINIA 0.38%
WISCONSIN 2.26%
WYOMING 0.02%
STATE
% of Dividends and state specific information
ALASKA 0.38%
ARIZONA 5.14%
CALIFORNIA 5.59%
COLORADO 6.44%
CONNECTICUT 1.66%
DELAWARE 1.26%
FLORIDA 6.04%
GEORGIA 4.69%
ILLINOIS 5.89%

INDIANA

 

0.65%

For Indiana residents, 2% of the dividends from Thrivent High Income Municipal Bond Fund are considered tax-exempt for state tax purposes.

IOWA 1.63%
KANSAS 0.32%
KENTUCKY 0.01%
LOUISIANA 0.01%
MAINE 0.07%
MARYLAND 2.33%
MICHIGAN 3.58%
MINNESOTA

4.28%

Minnesota Residents: 100% of your federal tax-exempt dividends for this fund are subject to Minnesota Income Tax.

MISSOURI 2.93%
MONTANA 1.09%
NEBRASKA 1.41%
NEVADA 1.09%
NEW HAMPSHIRE 1.29%
NEW JERSEY 2.92%
NEW YORK 7.11%
NORTH CAROLINA 0.13%
NORTH DAKOTA 1.05%
OHIO 2.90%
OREGON 0.43%
PENNSYLVANIA 4.23%
PUERTO RICO
1.84%
SOUTH CAROLINA 1.30%
SOUTH DAKOTA 0.58%
TENNESSEE 1.34%
TEXAS 9.11%

UTAH

 

2.61%

For Utah residents, 19% of the dividends from the Thrivent High Income Municipal Bond Fund are considered tax-exempt for state tax purposes (using the piggyback method).  

VIRGINIA 2.48%
WISCONSIN 3.71%
WYOMING 0.48%
2021 Federal tax-exempt dividend information

All or a portion of the dividends earned for the Thrivent Municipal Bond Fund and Thrivent High Income Municipal Bond Fund are exempt from federal income tax. However, all or a portion of these dividends may be taxable at the state or local level. In addition, a portion of the dividends earned by the Fund is also included as a preference item for the Alternative Minimum Tax (AMT) because of the income earned from investment in private-activity municipal bonds.

Tax-exempt dividends for 2021
Fund
Thrivent Municipal Bond Fund
Tax-exempt dividends %
99.02661%
% of Dividends subject to AMT
12.23013%
   
Fund
Thrivent High Income Municipal Bond Fund
Tax-exempt dividends %
95.05973%
% of Dividends subject to AMT
18.06990%
2021 Income received by corporate shareholders

Corporate shareholders may receive a deduction from gross income for ordinary income received from a mutual fund. Of the amount shown in Box 1a on Form 1099-DIV, the percentages shown for the following Funds are eligible for the corporate “dividend-received” deduction.

Percentage of dividends eligible for corporate shareholders for 2021
Fund name
Dividend Received Deduction %
Thrivent Aggressive Allocation Fund 17.1208%
Thrivent Balanced Income Plus Fund 12.7135%
Thrivent Diversified Income Plus Fund 8.3376%
Thrivent Global Stock Fund 10.9289%
Thrivent High Yield Fund 0.8670%
Thrivent Income Fund 0.2521%
Thrivent International Allocation Fund 0.0138%
Thrivent Large Cap Growth Fund 72.7855%
Thrivent Large Cap Value Fund
51.1846%
Thrivent Low Volatility Equity Fund 94.5925%
Thrivent Mid Cap Growth Fund 56.4597%
Thrivent Mid Cap Stock Fund 33.0286%
Thrivent Mid Cap Value Fund 31.4151%
Thrivent Moderate Allocation Fund 15.6536%
Thrivent Moderately Aggressive Allocation Fund 18.1771%
Thrivent Moderately Conservative Allocation Fund 13.6015%
Thrivent Multidimensional Income Fund 17.1989%
Thrivent Opportunity Income Plus Fund 2.2027%
Thrivent Small Cap Growth Fund 30.6729%
Thrivent Small Cap Stock Fund 17.2275%
2021 Qualified Dividend Income

Mutual fund dividends may qualify for lower income tax rates to the extent that the fund has received qualified dividend income from domestic corporations and certain foreign corporations. The following Thrivent Mutual Funds had ordinary income distributions that qualify for these lower tax rates as long as the shareholder met the holding period requirements.

Qualified Dividend Income percentages for 2021
Fund name
QDI %
Thrivent Aggressive Allocation Fund 26.8585%
Thrivent Balanced Income Plus Fund 20.4999%
Thrivent Diversified Income Plus Fund 12.1079%  
Thrivent Global Stock Fund 25.5191%
Thrivent High Yield Fund 0.8670%
Thrivent Income Fund 0.2521%
Thrivent International Allocation Fund 51.6761%
Thrivent Large Cap Growth Fund 74.4880%
Thrivent Large Cap Value Fund 60.1588%
Thrivent Low Volatility Equity Fund 100.00%
Thrivent Mid Cap Growth Fund 57.0794%
Thrivent Mid Cap Stock Fund 34.8227%
Thrivent Mid Cap Value Fund 33.0601%
Thrivent Moderate Allocation Fund 21.5387%
Thrivent Moderately Aggressive Allocation Fund 29.3152%
Thrivent Moderately Conservative Allocation Fund 20.6605%
Thrivent Multidimensional Income Fund 18.2626%
Thrivent Opportunity Income Plus Fund 2.2366%
Thrivent Small Cap Growth Fund 32.5672%
Thrivent Small Cap Stock Fund 18.2554%

Box 1b on Form 1099-DIV reports the amount of dividends that may qualify for lower tax rates. The amount shown in Box 1b assumes that the shareholder has met the 61-day holding period required for the dividends to be qualified. Each shareholder is responsible for determining whether the holding period was met and adjusting the amount accordingly. The Dec. 31 statement can be used to determine if the holding period requirement has been met. See the IRS Form 1040 Instructions for more information.

2021 Percentage of ordinary mutual fund dividends from U.S. government obligations

For state income tax purposes, several states allow “pass-through” treatment of mutual fund dividends derived from interest on U.S. government obligations. To calculate the number of dividends qualifying for pass-through treatment, multiply the amount in Box 1a of your Form 1099-DIV by the percentages that apply to the state.

The types of government securities that qualify for such treatment vary by state. Clients should consult with a tax professional to determine which, if any, of the obligations listed in the following table may be exempt from your state income tax.

Dividends from U.S. government obligations for 2021
Fund name
Type of government obligation
Thrivent Diversified Income Plus Fund

U.S. Treasury Bonds: 0.22%

U.S. Government Agencies Total: 1.33%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.04%
  • Federal Home Loan Bank 0.03%
  • Federal Home Loan Mortgage Corporation 0.39%
  • Federal National Mortgage Association 0.84%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.01%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%

 

Thrivent Government Bond Fund

U.S. Treasury Bonds: 39.27%

U.S. Government Agencies Total: 13.88%

  • Federal Agricultural Mortgage Corporation 0.33%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.74%
  • Federal Home Loan Bank 0.66%
  • Federal Home Loan Mortgage Corporation 6.79%
  • Federal National Mortgage Association 3.15%
  • U.S. International Development Finance Corporation 0.01%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 1.09%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.06%
  • Tennessee Valley Authority 1.05%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Income Fund

U.S. Treasury Bonds: 1.42%

U.S. Government Agencies Total: 0.42%

  • Federal Agricultural Mortgage Corporation 0.01%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 0.01%
  • Federal Home Loan Mortgage Corporation 0.18%
  • Federal National Mortgage Association 0.21%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Limited Maturity Bond Fund

U.S. Treasury Bonds: 2.54%

U.S. Government Agencies Total: 1.00%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.04%
  • Federal Home Loan Bank 0.13%
  • Federal Home Loan Mortgage Corporation 0.20%
  • Federal National Mortgage Association 0.54%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.07%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Moderate Allocation Fund  

U.S. Treasury Bonds: 3.59%

U.S. Government Agencies Total: 0.69%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.03%
  • Federal Home Loan Bank 0.03%
  • Federal Home Loan Mortgage Corporation 0.27%
  • Federal National Mortgage Association 0.34%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Moderately Aggressive Allocation Fund

U.S. Treasury Bonds: 2.00%

U.S. Government Agencies Total: 0.38%

  • Federal Agricultural Mortgage Corporation 0.01%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.02%
  • Federal Home Loan Bank 0.02%
  • Federal Home Loan Mortgage Corporation 0.14%
  • Federal National Mortgage Association 0.19%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Moderately Conservative Allocation Fund

U.S. Treasury Bonds: 6.65%

U.S. Government Agencies Total: 1.36%

  • Federal Agricultural Mortgage Corporation 0.03%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.05%
  • Federal Home Loan Bank 0.04%
  • Federal Home Loan Mortgage Corporation 0.57%
  • Federal National Mortgage Association 0.67%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
Thrivent Money Market Fund

U.S. Treasury Bonds: 10.82%

U.S. Government Agencies Total: 81.39%

  • Federal Agricultural Mortgage Corporation 12.73%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 21.23%
  • Federal Home Loan Bank 10.10%
  • Federal Home Loan Mortgage Corporation 0.64%
  • Federal National Mortgage Association 2.48%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%
  • U.S. International Development Finance Corporation 34.21%
Thrivent Opportunity Income Plus Fund

U.S. Treasury Bonds: 0.01%

U.S. Government Agencies Total: 1.76%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.04%
  • Federal Home Loan Bank 0.02%
  • Federal Home Loan Mortgage Corporation 0.70%
  • Federal National Mortgage Association 0.98%
  • Financing Corporation 0.00%
  • Government National Mortgage Association 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Tennessee Valley Authority 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Housing and Urban Development 0.00%

 

Additional tax resources

State tax agency information

Customer tax resource center

2022 Federal Tax Guide

IRS.gov or call 800-829-1040 for the IRS Tax Help Line

Thrivent Mutual Funds and its representatives cannot provide tax or accounting advice.