Iowa allows taxpayers to exclude some or all of their retirement income under certain circumstances. Here are the basics of how the Iowa pension exclusion works.
Long-term care premiums are deductible in full on the Iowa tax return, NOT subject to the federal limitations.
Iowa allows a deduction in full for health insurance premiums paid with after-tax dollars. This sometimes creates questions about what exactly counts as a "health insurance premium." For example, does dental insurance count? The short answer is, yes.
Image courtesy of user Maialisa on Pixabay.com Iowa allows taxpayers to take an extra itemized deduction for charitable mileage. Here’s how it works. Background On federal tax returns, taxpayers who itemize deductions can take a deduction for mileage driven for charitable purposes. The deduction is equal to 14 cents per mile. (Note: this amount [...]