Iowa

/Tag:Iowa

Who Claims the Iowa Tuition & Textbook Credit for Dependent Children?

By | October 31st, 2018|Categories: State Taxes|Tags: , , , |

Image courtesy of Pixabay.com Iowa allows a tax credit of up to $250 for K-12 school-related expenses such as tuition, textbook purchases, and other school-related fees. The credit is 25% of up to $1,000 of expenses per child, so $250 per child is the maximum credit. Who claims the credit in cases of divorce [...]

Comments Off on Who Claims the Iowa Tuition & Textbook Credit for Dependent Children?

What is the Iowa School District/EMS Surtax?

By | October 24th, 2018|Categories: State Taxes|Tags: , |

This is an optional additional tax, assessed by school districts and (some) county EMS agencies, and collected on Iowa tax returns.

Comments Off on What is the Iowa School District/EMS Surtax?

Can You File Separately in Iowa if One Spouse Has No Income?

By | September 19th, 2018|Categories: State Taxes|Tags: , |

Someone asked me recently if a married couple could file separate Iowa tax returns even if one spouse has no income. The answer is yes, but the only reason you'd want to do this would be to keep tax liabilities separate, because the ending tax liability would be the same under any of the filing statuses.

Comments Off on Can You File Separately in Iowa if One Spouse Has No Income?

Iowa Low-Income Exemption and Adjustments to Income

By | September 12th, 2018|Categories: State Taxes|Tags: , |

This post will focus on the "low-income exemption" on Iowa tax returns, and how various adjustments to Iowa income play into the exemption calculation.

Comments Off on Iowa Low-Income Exemption and Adjustments to Income

Why Does Iowa Tax My Federal Tax Refund?

By | August 29th, 2018|Categories: State Taxes|Tags: , |

While it's annoying, it's not "double taxation," and there is a logical explanation for why Iowa makes you claim federal refunds as taxable income.

Comments Off on Why Does Iowa Tax My Federal Tax Refund?