Iowa income tax tables 20201/10/2024 ![]() ![]() Ĭompare the state income tax rates in Iowa with the income tax rates in The IRS will start accepting eFiled tax returns in January 2020 - you can start your online tax return today for free with TurboTax. There are -1182 days left until Tax Day, on April 16th 2020. You can access a full list of Iowa's school districts, with their 2012 local surtaxes, here. In addition to school districts, municipalities may also impose an additional Local Option surtax to fund emergency medical services. The average surtax is 0.3% (weighted by income, according to Tax Foundation data), and total of 297 Iowa school districts impose an income tax surcharge.įor example, if your local school district has a 5% surtax and you paid $1,000 in state income tax you will owe an additional $50 surtax to your local school district. School districts in Iowa are permitted collect a surtax of up to 20% of the state income tax you pay (not 20% of your reported income), and these rates vary by school district. As of 2010, if you have received the EITC on your federal return, you can claim 7% of your Federal credit as a refundable credit on your Iowa income tax return.Īnother tax to keep in mind when filing your Iowa tax return is the local school surtax, which is collected by over 80% of Iowa's school districts. If you want to claim an Warned Income Tax Credit (EITC) on your Iowa tax return, you must be have received the EITC on your Federal Tax Return. ![]() ![]() If you pay less then 90% of your tax debt on the due date, you will be charged a late fee of 5% or 10% (depending on whether you submitted your tax return, with or without a payment, on time). Even if you cannot pay, you must still file. If you cannot pay your whole income tax bill, you are encouraged to submit a partial payment with your income tax return. If April 30th falls on a weekend, the tax due date is pushed up to the following Monday. Unlike the Federal Income Tax (which is due on April 15th), Iowa taxpayers have an extra 15 days to submit their Iowa tax return, which is due on April 30th of every year. You can find more details about this surtax below. Iowa allows some local jurisdictions, like school districts, to charge a local surtax on top of the Iowa Income Tax. Special filing limits also exist for seniors, dependents or military servicemen. Nonresidents must file a Nonresident Income Tax Return if they earned over $1,000 of income in Iowa over the filing period. You can learn more about how the Iowa income tax compares to other states' income taxes by visiting our map of income taxes by state.Īll single filers with a gross income of over $9,000 per year must file an Iowa tax return, and those filing as a couple or head of household must file if they earned over $13,500. Iowa's maximum marginal income tax rate is the 1st highest in the United States, ranking directly below Iowa's %. Unlike the Federal Income Tax, Iowa's state income tax does not provide couples filing jointly with expanded income tax brackets. Iowa collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. ![]()
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