Image courtesy of user Nemo on Pixabay.com One of my side projects this past summer was to start working on a reference guide for Iowa tax returns. In looking through other published materials, I see California and New York have guidebooks. In my opinion Iowa taxes are just as convoluted as those states, but [...]
How do amounts given to the charitable checkoffs affect the federal tax return as to the following two scenarios: 1) Being taxed on your Iowa tax refund, and 2) Deducting any Iowa taxes owed?
For years, I have told my clients that they couldn't take the Iowa Tuition & Textbook Credit if they sent their kids to a private religious school. Iowa law states that the credit can not be taken for tuition expenses related to the teaching of religious doctrines. A client challenged me on this, and I now see that I was wrong.