Am I required to file an Iowa return?

You must file an Iowa return if... ...you were a resident or part-year resident of Iowa in 2021 and meet any of the following requirements. Nonresidents, see items f. and g. In meeting the filing requirements below, you must add back: the pension exclusion (line 21, IA 1040) the reportable Social Security amount from step 4, IA 1040 any amount of lump sum distribution separately [...]

If I am Eligible for Both the PERA/DPS Modification and the Pension Subtraction, Which One Should I Claim?

PERA/DPSRS Subtraction If you made contributions to PERA between July 1, 1984, and December 31, 1986, or to Denver Public Schools District No. 1 Retirement during 1986 and your 2021 federal taxable income includes pension income, see FYI Income 16 to determine if you can take a subtraction for any of your pension income. Submit a copy of your previously taxed contribution. PERA statements [...]

Do I owe Iowa Use Tax?

Consumer’s use tax is imposed after the sale takes place and only on goods and services that have not yet been subjected to sales tax. In most cases, these are purchases made from an out-of-state supplier not collecting Iowa tax and that are for use in Iowa. Ordinarily, the retailer is responsible for collection of the tax; however, if the retailer is not required by law to collect the tax [...]

How do I determine my residency status for Iowa?

A person can be a resident of only one state at any given time. Usually, it is clear which state that is. Normally, it is the state in which they live and work. Occasionally, however, the question of residency can be a little more difficult to answer. If a person moves during the year, or for some reason spends an extended period of time outside the state, the actual state of residence may not [...]

What is the Colorado Pension and Annuity Subtraction?

Pension and Annuity Subtraction You might be eligible to subtract the income you earned from a pension or annuity. We recommend that you read publication FYI Income 25 if this applies to you. This subtraction is allowed only for pension or annuity income that is included in your federal taxable income. The amount of subtraction you can claim is also limited based upon your age. As of [...]