Iowa State Tax Brackets 2023
The state of Iowa collects revenue tax from its residents on the similar fee no matter submitting standing. Right here’s a breakdown of these charges for tax 12 months 2022.
For married taxpayers submitting collectively
| Taxable Revenue | Tax | |||||
|---|---|---|---|---|---|---|
| Over | However Not Over | Tax Price | Of Extra 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 apart from married taxpayers submitting collectively
| Taxable Revenue | Tax | |||||
|---|---|---|---|---|---|---|
| Over | However Not Over | Tax Price | Of Extra 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 Customary Tax Deductions
Iowa residents submitting single or married submitting individually can declare a normal deduction of $2,110. Those that are married submitting collectively or head of family can declare a normal deduction of $5,210. Discover extra details about your Iowa state revenue taxes beneath. Test your Iowa tax refund standing.
| Tax Submitting Standing | Quantity |
|---|---|
| Married Submitting Collectively | $5,540 |
| Single/Married Submitting Collectively/Head of Family | $2,210 |
Iowa Faculty District Surtax
As a resident of Iowa, the college district surtax is one other element to know on the subject of state revenue taxes. The surtax generates income that goes on to the college district the taxpayer resides in. The quantity paid is predicated on the taxpayer’s whole particular person state revenue tax. That quantity is multiplied by the district’s surtax fee to calculate the quantity owed. Every district’s fee varies, however all are inside 0 to twenty %. Instance: If a taxpayer’s whole state revenue taxes are $1,000, and she or he lives in a college district with a ten % surtax, the college district surtax is $100.
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