Tag Archives: Iowa
Often overshadowed by their tax time counterpart – the federal income tax – state income tax rates generally receive less attention. However, they can definitely impact your overall bill, depending on where you live, where you work, and the total amount you earn. State Taxation of Residents States typically use one of three methods to […]
— Read moreWhen you live near the border of another state, it’s quite common that you will cross into the other state for employment. In these cases, you may worry that you’ll be paying income tax twice on the money you earn, as you’ll owe both the state you work in and your home state. However, many […]
— Read moreThe federal government offers an Earned Income Tax Credit (EITC) to working families in an effort to combat poverty and help Americans retain a little extra of their hard-earned money. For lower income families, the EITC can be a big help at tax time, as it can keep taxpayers above the poverty line. Many states […]
— Read moreThe rules for Iowa state income tax say that any individual who earns less than $1,000 in net income is considered a nonresident or part-year resident depending on whether or not they established a permanent domicile in the state and for how long. Married taxpayers should use their combined income to determine whether they need […]
— Read moreIowa assess income taxes over nine different tax brackets. They are: 36 % on the first $1,494 of taxable income. 72 % between $1,495 and $2,988 of taxable income 43 % between $2,989 and $5,976 of taxable income 50 % between $5,977 and $13,446 of taxable income 12 % between $13,447 and $22,410 of taxable […]
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