Taxes

Iowa State Tax Brackets 2023

The state of Iowa collects income tax from its residents at the same rate regardless of filing status. Here’s a breakdown of those rates for tax year 2022. Iowa state taxes are due May 1, 2023.

For married taxpayers filing jointly

Taxable Income  Tax   
OverBut Not OverTax RateOf Excess Over
$0$12,000$0.00+(4.40%x$0)
$12,000$60,000$528.00+(4.82%x$12,000
$60,000 $150,000 $2,841.60+(5.70%x$60,000)
$150,000 —— $7,971.60+(6.00%x $150,000)

For all taxpayers other than married taxpayers filing jointly

Taxable Income  Tax   
OverBut Not OverTax RateOf Excess Over
$0$6,000$0.00+(4.40%x$0)
$6,000$30,000$264.00+(4.82%x$6,000
$30,000 $75,000 $1,420.80+(5.70%x$30,000)
$75,000 —— $3,985.80+(6.00%x $75,000)

Iowa Standard Tax Deductions

Iowa residents filing single or married filing separately can claim a standard deduction of $2,110. Those who are married filing jointly or head of household can claim a standard deduction of $5,210. Find more information about your Iowa state income taxes below. Check your Iowa tax refund status.

Tax Filing StatusAmount
Married Filing Jointly$5,540
Single/Married Filing Jointly/Head of Household$2,210

Iowa School District Surtax

As a resident of Iowa, the school district surtax is another detail to understand when it comes to state income taxes. The surtax generates revenue that goes directly to the school district the taxpayer resides in. The amount paid is based on the taxpayer’s total individual state income tax. That amount is multiplied by the district’s surtax rate to calculate the amount owed. Each district’s rate varies, but all are within 0 to 20 percent. Example: If a taxpayer’s total state income taxes are $1,000, and he or she lives in a school district with a 10 percent surtax, the school district surtax is $100.

Articles You May Like

Open seating no more? Southwest CEO says airline is weighing cabin changes
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Op-ed: Here are 6 health-care stocks to watch now, amid a bumpy recovery
Barclays swings back to profit in first quarter amid strategic overhaul
Alphabet shares jump 14% on earnings beat, first-ever dividend