Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will focus on deducting federal tax payments on your Iowa tax return.
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. For example, Iowa has 3 different filing statuses a married couple can choose from, and most deduction items are allocated pro rata between spouses who file separately.
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. This post will look at allocating moving expenses, student loan interest, and deductions relating to a dependent.
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.
Iowa allows a deduction in full for health insurance premiums paid with after-tax dollars. This deductions is available to everyone, even those who don’t itemize. Here’s how this deduction works for people filing as married filing separately.
Iowa taxes get quirky when married couples file separate tax returns. Today’s post will focus on a couple of filing basics when filing separately, as well as how to account for basic things such as W-2 income.
Iowa’s taxation of married couples has quirks that can throw a taxpayer or tax preparer for a loop. We’ll discuss these quirks in a series of blog posts over the coming months.
In Iowa, if you file as married filing separately, you must allocate itemized deductions based on income ratios.
Iowa allows taxpayers to exclude some or all of their retirement income under certain circumstances. Here are the basics of how the Iowa pension exclusion works.
Long-term care premiums are deductible in full on the Iowa tax return, NOT subject to the federal limitations.