Retirement Income

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Iowa Taxes and Married Filing Separately, Issue 7: Pension Exclusion

By | May 8th, 2018|Categories: Potpourri of Tax Topics|Tags: , , |

Iowa allows an exclusion of up to $12,000 of pension/retirement account income for taxpayers age 55 and older. When taxpayers file separate tax returns, the $12,000 exclusion might need to be allocated.

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Glossary: Tier I/Tier II Railroad Retirement Benefits

By | October 26th, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

Railroad Retirement Benefits are a form of retirement income for people employed by railroads in the United States. Let's look at how these benefits are taxed.

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Basics of the Iowa Pension Exclusion, Part 1

By | May 8th, 2017|Categories: State Taxes|Tags: , , |

Tax law in Iowa allows some people who are receiving retirement benefits to avoid taxation on some or all of those benefits. Here’s an overview.

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