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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 2022 IRS Federal Tax Returns and IRA contributions is April 18, 2023. 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 2022

Any contribution made to a Traditional or Roth IRA or a Coverdell Education Savings Account on or before April 18, 2023 can be made for 2022 as long you indicate that is for the 2022 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, 2023 due date for filing 2022 taxes, they can file for an extension by that date. If you request a personal extension for after April 18, 2023 this does not extend the deadline for payment of taxes owed and for making IRA or Coverdell Education Savings Account contribution for 2022. 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 2022 in 2023, IRS Form 5498 will be mailed by May 31.

2022 Capital gains

Below are the capital gains paid by Thrivent Mutual Funds in 2022. 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. 

2022 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
12/14/2022 12/15/2022 $ - $0.25595 $0.25595
Global Stock Fund
12/14/2022 12/15/2022 $ - $0.50226 $0.50226
Large Cap Growth Fund
12/14/2022 12/15/2022 $ - $0.99334 $0.99334
Large Cap Value Fund
12/14/2022 12/15/2022 $0.01333 $1.14156 $1.15489
Low Volatility Equity Fund 12/14/2022 12/15/2022 $ - $0.15199 $0.15199
Mid Cap Stock Fund
12/14/2022 12/15/2022 $ - $0.75677 $0.75677
Mid Cap Value Fund 12/14/2022 12/15/2022 $0.02957 $0.29562 $0.32519
Moderately Aggressive Allocation Fund 12/14/2022 12/15/2022 $ - $0.28241 $0.28241
Small Cap Stock Fund 12/14/2022 12/15/2022 $0.35643 $2.05877
$2.41520

If a Fund is not listed, there are no capital gains for the Fund.

 

2022 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 2022
STATE
% of Dividends and state specific information
ALABAMA 0.33%
ALASKA 0.01%
ARIZONA 1.86%
ARKANSAS 0.37%
CALIFORNIA 9.54%
COLORADO 4.57%
CONNECTICUT 0.56%
DELAWARE 0.31%
DISTRICT OF COLUMBIA 1.58%
FLORIDA 4.55%
GEORGIA 1.25%
GUAM 0.05%
HAWAII 1.53%
IDAHO 0.13%
ILLINOIS 6.62%
INDIANA

0.83%

For Indiana residents, 15% of the dividends from the Thrivent Municipal Bond Fund are considered tax-exempt for state tax purposes.

IOWA 1.87%
KANSAS 0.61%
KENTUCKY 0.66%
LOUISIANA 1.59%
MAINE 0.09%
MARYLAND 0.49%
MASSACHUSETTS 3.90%
MICHIGAN 2.72%
MINNESOTA

3.74%

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

MISSISSIPPI 0.07%
MISSOURI 0.74%
MONTANA 0.57%   
NEBRASKA 1.67%
NEVADA 0.35%
NEW HAMPSHIRE 0.42%
NEW JERSEY 2.68%
NEW YORK 10.24%
NORTH CAROLINA 0.94%
NORTH DAKOTA 0.31%
OHIO 5.16%
OKLAHOMA 1.39%
OREGON 1.54%
PENNSYLVANIA 2.71%
PUERTO RICO
0.51%
SOUTH CAROLINA 1.42%
SOUTH DAKOTA 0.11%
TENNESSEE 0.25%
TEXAS 8.81%
UTAH

1.79%

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 0.27%
VIRGINIA 2.56%
WASHINGTON 2.57%
WEST VIRGINIA 0.69%
WISCONSIN 2.43%
WYOMING 0.04%
STATE
% of Dividends and state specific information
ALASKA 0.49%
ARIZONA 3.59%
CALIFORNIA 5.37%
COLORADO 4.97%
CONNECTICUT 1.53%
DELAWARE 1.79%
FLORIDA 7.11%
GEORGIA 4.06%
GUAM 0.53%
IDAHO 0.07%
ILLINOIS 4.65%
INDIANA

0.68%

For Indiana residents, 3% of the dividends from Thrivent High Income Municipal Bond Fund are considered tax-exempt for state tax purposes.

IOWA 1.87%
KANSAS 0.54%
LOUISIANA 0.03%
MAINE 0.33%
MARYLAND 1.59%
MASSACHUSETTS 0.02%
MICHIGAN 3.22%
MINNESOTA

4.82%

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

MISSOURI 3.00%
MONTANA 0.77%
NEBRASKA 0.90%
NEVADA 0.76%
NEW HAMPSHIRE 0.92%
NEW JERSEY 2.55%
NEW YORK 9.01%
NORTH CAROLINA 1.67%
NORTH DAKOTA 0.74%
OHIO 2.51%
OREGON 1.03%
PENNSYLVANIA 3.59%
PUERTO RICO
1.33%
SOUTH CAROLINA 1.43%
SOUTH DAKOTA 0.63%
TENNESSEE 0.93%
TEXAS 7.49%
UTAH

3.29%

For Utah residents, 18% of the dividends from the Thrivent High Income Municipal Bond Fund are considered tax-exempt for state tax purposes (using the piggyback method).  

VIRGINIA 2.99%
WEST VIRGINIA 1.70%
WISCONSIN 5.01%
WYOMING 0.49%
2022 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 2022
Fund
Thrivent Municipal Bond Fund
Tax-exempt dividends %
99.91748%
% of Dividends subject to AMT
12.34673%
   
Fund
Thrivent High Income Municipal Bond Fund
Tax-exempt dividends %
99.74621%
% of Dividends subject to AMT
18.37085%
2022 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 2022
Fund name Dividend Received Deduction %
Thrivent Aggressive Allocation Fund 85.7843%
Thrivent Balanced Income Plus Fund 22.0556%
Thrivent Diversified Income Plus Fund*   -
Thrivent Global Stock Fund 72.6882%
Thrivent High Yield Fund 0.3649%
Thrivent Income Fund 0.1400%
Thrivent International Allocation Fund 0.0055%
Thrivent Large Cap Value Fund 100.00%
Thrivent Low Volatility Equity Fund 88.0115%
Thrivent Mid Cap Stock Fund 100.00%
Thrivent Mid Cap Value Fund
100.00%
Thrivent Moderate Allocation Fund 41.4451%
Thrivent Moderately Aggressive Allocation Fund 53.2785%
Thrivent Moderately Conservative Allocation Fund 20.3787%
Thrivent Multidimensional Income Fund*   -
Thrivent Opportunity Income Plus Fund 2.6228%
Thrivent Small Cap Stock Fund 51.5124%

*These percentages will be updated with the extended Forms 1099 in February.

2022 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 2022
Fund name QDI %
Thrivent Aggressive Allocation Fund 100.00%
Thrivent Balanced Income Plus Fund 31.0226%
Thrivent Diversified Income Plus Fund*   -
Thrivent Global Stock Fund 100.00%
Thrivent High Yield Fund 0.3649%
Thrivent Income Fund 0.1400%
Thrivent International Allocation Fund 100.00%
Thrivent Large Cap Value Fund 100.00%
Thrivent Low Volatility Equity Fund 100.00%
Thrivent Mid Cap Stock Fund 100.00%
Thrivent Mid Cap Value Fund 100.00%
Thrivent Moderate Allocation Fund 51.0945%
Thrivent Moderately Aggressive Allocation Fund 74.8366%
Thrivent Moderately Conservative Allocation Fund 27.0134%
Thrivent Multidimensional Income Fund*   - 
Thrivent Opportunity Income Plus Fund 2.6199%
Thrivent Small Cap Stock Fund 54.2986%

*These percentages will be updated with the extended Forms 1099 in February.

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.

2022 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 2022
Fund name
Type of government obligation
Thrivent Aggressive Allocation Fund

U.S. Treasury Bonds: 2.70%

U.S. Government Agencies Total: 2.58%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.02%
  • Federal Home Loan Bank 1.60%
  • Federal Home Loan Mortgage Corporation 0.18%
  • Federal National Mortgage Association 0.61%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • U.S. International Development Finance Corporation 0.16%
  • Tennessee Valley Authority 0.00%
Thrivent Balanced Income Plus Fund

U.S. Treasury Bonds: 1.10%

U.S. Government Agencies Total: 5.14%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 0.49%
  • Federal Home Loan Mortgage Corporation 0.91%
  • Federal National Mortgage Association 3.62%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.09%
Thrivent Diversified Income Plus Fund

U.S. Treasury Bonds: 0.91%

U.S. Government Agencies Total: 6.37%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 0.37%
  • Federal Home Loan Mortgage Corporation 1.22%
  • Federal National Mortgage Association 4.66%
  • Government National Mortgage Association 0.01%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.08%

 

Thrivent Global Stock Fund

U.S. Treasury Bonds: 0.38%

U.S. Government Agencies Total: 8.91%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.02%
  • Federal Home Loan Bank 8.69%
  • Federal Home Loan Mortgage Corporation 0.16%
  • Federal National Mortgage Association 0.02%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.00%
Thrivent Government Bond Fund

U.S. Treasury Bonds: 31.50%

U.S. Government Agencies Total: 25.11%

  • Federal Agricultural Mortgage Corporation 0.82%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.47%
  • Federal Home Loan Bank 0.93%
  • Federal Home Loan Mortgage Corporation 9.63%
  • Federal National Mortgage Association 11.44%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.75%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.12%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.81%
  • U.S. International Development Finance Corporation 0.14%
Thrivent Income Fund

U.S. Treasury Bonds: 2.43%

U.S. Government Agencies Total: 0.15%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.00%
  • Federal Home Loan Bank 0.13%
  • Federal Home Loan Mortgage Corporation 0.00%
  • Federal National Mortgage Association 0.00%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.02%
Thrivent Limited Maturity Bond Fund

U.S. Treasury Bonds: 4.90%

U.S. Government Agencies Total: 1.99%

  • Federal Agricultural Mortgage Corporation 0.02%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.00%
  • Federal Home Loan Bank 1.69%
  • Federal Home Loan Mortgage Corporation 0.08%
  • Federal National Mortgage Association 0.13%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.07%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Fiannce Coporation 0.00%
Thrivent Moderate Allocation Fund  

U.S. Treasury Bonds: 7.07%

U.S. Government Agencies Total: 4.43%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 0.90%
  • Federal Home Loan Mortgage Corporation 0.99%
  • Federal National Mortgage Association 2.40%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.11%
Thrivent Moderately Aggressive Allocation Fund

U.S. Treasury Bonds: 5.05%

U.S. Government Agencies Total: 3.41%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 1.23%
  • Federal Home Loan Mortgage Corporation 0.53%
  • Federal National Mortgage Association 1.51%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.11%
Thrivent Moderately Conservative Allocation Fund

U.S. Treasury Bonds: 9.51%

U.S. Government Agencies Total: 5.48%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.01%
  • Federal Home Loan Bank 0.63%
  • Federal Home Loan Mortgage Corporation 1.33%
  • Federal National Mortgage Association 3.40%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.01%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.09%
Thrivent Money Market Fund

U.S. Treasury Bonds: 2.82%

U.S. Government Agencies Total: 76.28%

  • Federal Agricultural Mortgage Corporation 4.88%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 14.03%
  • Federal Home Loan Bank 41.06%
  • Federal Home Loan Mortgage Corporation 0.45%
  • Federal National Mortgage Association 0.20%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.00%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 15.66%
Thrivent Multidimensional Income Fund

U.S. Treasury Bonds: 3.46%

U.S. Government Agencies Total: 0.08%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.00%
  • Federal Home Loan Bank 0.05%
  • Federal Home Loan Mortgage Corporation 0.00%
  • Federal National Mortgage Association 0.00%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.01%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.02%
Thrivent Opportunity Income Plus Fund

U.S. Treasury Bonds: 0.11%

U.S. Government Agencies Total: 3.09%

  • Federal Agricultural Mortgage Corporation 0.00%
  • Federal Deposit Insurance Corporation 0.00%
  • Federal Farm Credit Bank 0.00%
  • Federal Home Loan Bank 0.14%
  • Federal Home Loan Mortgage Corporation 0.96%
  • Federal National Mortgage Association 1.93%
  • Government National Mortgage Association 0.00%
  • Housing and Urban Development 0.00%
  • Overseas Private Investment Corporation 0.00%
  • Resolution Funding Corporation 0.00%
  • Student Loan Marketing Association 0.02%
  • Small Business Administration 0.00%
  • Small Business Investment Companies 0.00%
  • Tennessee Valley Authority 0.00%
  • U.S. International Development Finance Corporation 0.04%
ETF tax information

Exchange Traded Funds can have different tax implications. Be prepared for tax time with the following information on the Thrivent Small-Mid Cap ESG ETF.

Qualified Dividend Income

QDI %: 100%

Income Received by Corporate Shareholder

Dividend Received Deduction %: 100%

Percentage of Ordinary Mutual Fund Dividends From US Government Obligations

U.S. Treasury Bonds: 1.69%

 

Additional tax resources

State tax agency information

Customer tax resource center

2023 Federal Tax Guide

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

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