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Iowa State Tax Help and Forms (Subscribe)

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Iowa tax help, forms and answers to thousands of Iowa tax questions. Handy summary of all Iowa taxes, including corporate and individual Iowa income taxes, credits, exemptions, deductions and more. Includes Iowa estate, gift and inheritance tax, miscellaneous Iowa taxes, pass-through entity treatment, payroll taxes, property taxes and Iowa sales & use taxes.

Iowa ranks #46 on the State Business Tax Climate Index (TaxFoundation.org).

Iowa State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      6%> $0
      7%> $25,000
      10%> $100,000
      12%> $250,000
   Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
   Throwback Sales?: N
   Foreign Tax Deductible?: Y
   Alternative Minimum Tax (AMT): Y
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: N

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      0.36%> $0
      0.72%> $1,407
      2.43%> $2,814
      4.5%> $5,628
      6.12%> $12,663
      6.48%> $21,105
      6.8%> $28,140
      7.92%> $42,210
      7.8%> $25,441
   Local Option IT Rate: 0.30%
   Federal Inc used as Base?: N
   Standard Deductions: Single $1,750 / Joint $4,310
   Personal Exemptions/Credits (c): Single $40(c) / Joint $80(c) / Dependent $40(c)
   Federal Tax Deductible?: Y
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: Y

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Copies Federal
   Inheritance Tax?: Y
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 22.0 cents/gallon
   Diesel Tax: 23.5 cents/gallon
   Cigarette Tax: 136.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Y
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index (TaxFoundation.org): #33

Property Taxes
   Median Tax Paid on Homes (Rank): $1,492 (#28)
   Median Value of Homes: $120,700
   Tax as % of Home Value (Rank): 1.24% (#15)
   Median Income of Homeowner: $59,291
   Tax as % of Income (Rank): 2.52% (#27)

Sales and Use Taxes
   State Rate: 6.00%
   County & City (Weighted Ave): 0.94%
   Combined State and Ave. Local Rates (Rank): 6.94% (#24)
   General Treatment of Services: Many Taxable
   Gas Exemption: Exempt
   Grocery Exemption: Exempt

 
 

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Iowa Tax Forms

Income sales property tax and many other tax forms available for the past 5 years in Adobe (.pdf) format.

http://www.state.ia.us/tax/forms/loadform.html

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Iowa Tax Research Library

This research library contains Court Decisions, Rulings, Statutes and other information from the Department of Revenue archives. Administrative Rules are provided by the Iowa General Assembly.

http://itrl.idr.iowa.gov/

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Iowa: Voluntary Disclosure

Any person located outside of Iowa who is subject to Iowa tax or tax collection responsibilities may be eligible for the voluntary disclosure program.

http://www.iowa.gov/tax/business/voluntary_disclosure.html

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