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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).|
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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- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Iowa State Tax Questions and Answers
- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
Links
Income sales property tax and many other tax forms available for the past 5 years in Adobe (.pdf) format.
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.
Free direct Internet filing via interactive Web session.
Any person located outside of Iowa who is subject to Iowa tax or tax collection responsibilities may be eligible for the voluntary disclosure program.
