Calculating Wisconsin Disability Income Exclusion

Disability Income Exclusion If you are retired on permanent and total disability and have included your disability income on line 1 of Form 1, you may be able to subtract up to $5,200 of your disability income. You must meet ALL these tests: • You did not reach mandatory retirement age before January 1, 2021 • You were under age 65 on December 31, 2021 • You were [...]

What Are My Wisconsin Payment Options?

To pay online Go to the department’s website at https://tap.revenue.wi.gov/pay. This is a free service. To pay by check or money order Make your check or money order payable to the Wisconsin Department of Revenue. If the name of the taxpayer does not match the printed name on the check, print the taxpayer’s name on the memo line of the check. Paper clip it to the front of your [...]

When is the tax filing deadline for Iowa?

Iowa current-year income tax returns are due on May 2, 2022. When filing on paper, we use the postmark date to determine if a return is filed on time. When e-filing, the transmittal date is used. If May 2, 2022 falls on a Saturday or Sunday, the due date is the following Monday. Due Date(s) of Returns: The final return and any tax owing is due by the last day of the fourth month following the [...]

What federal securities are taxable to Iowa?

The following are not considered federal securities and are taxable: Federal Agency Obligations: Building and Loan Associations Credit Unions, federal or state Export-Import Bank of the United States Federal Agricultural Mortgage Corporation (Farmer Mac) Federal Home Loan Mortgage Corporation (Freddie Mac) Securities Federal Housing Administration Federal [...]

Homestead Credit

The Wisconsin homestead credit program provides direct relief to homeowners and renters. You may qualify if you were: – At least 18 years old on December 31, 2021 – If you were under age 62, and not disabled, you must have earned income to qualify – A legal resident of Wisconsin for all of 2021 – Not claimed as a dependent on anyone’s 2021 federal tax return [...]