2016 Alternative Minimum Tax (AMT) Information

To calculate the AMT preference item, use the calculation and the chart below. The result is the amount that may be treated as a preference item for your AMT.

Investors who hold the funds below directly with American Century Investments® can find the AMT preference item in box 11 of their Form 1099-DIV.

The total income distribution
The percentage for the appropriate fund from this chart

Fund Name AMT Percentage
California High-Yield Municipal Fund    0%
California Intermediate-Term Tax-Free Bond Fund    0%
California Long-Term Tax-Free Fund    0%
California Tax-Free Money Market Fund    0%
High-Yield Municipal Fund    7%
Intermediate-Term Tax-Free Bond Fund    0%
Long-Term Tax-Free Fund    0%
Tax-Free Money Market Fund  21%

The Alternative Minimum Tax (AMT) is a parallel tax system that was created to keep high income individuals from avoiding taxes through various deductions and exemptions.

Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. The fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

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