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 or any other situation where […]
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will cover allocation of itemized deductions, and allocation of tax credits, when couples file separately in Iowa.
Iowa offers a tax credit called the “tuition and textbook credit” for expenses relating to dependents who are in grades K-12. What about if you send your kids to a private school that teaches religious doctrines?