Can a taxpayer claim a deduction in Iowa for contributions made to another state's 529 plan? The short answer is no.
do amounts an employees’ puts into IPERS - the Iowa Public Employees Retirement System -- count towards the retirement savers credit? The short answer is no, because IPERS is a defined benefit plan, not a defined contribution plan -- even though employees do make contributions to IPERS.
Over the last few months I've been posting excerpts from a presentation I give about the "married filing separately" filing status on Iowa tax returns. We've reached the end of this series, and the parts are scattered across multiple months, so I am pulling together each post, with links, below.
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will cover allocation of itemized deductions, and allocation of tax credits, when couples file separately in Iowa.
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will focus on deducting federal tax payments on your Iowa tax return.