What items can I include in Iowa adoption expenses?

You may be eligible to deduct a portion of the adoption expenses you paid in 2021 if you incurred adoption expenses during the tax year, even if the child is not placed in Iowa. Expenses include medical costs relating to the child's birth, any necessary fees, and all other costs connected with the adoption procedure. Include a separate schedule listing the adoption expenses. This deduction is [...]

Iowa Expenses for Care of Disabled Relative

Expenses, not to exceed $5,000, incurred in caring for a disabled relative in your home may be deducted. Disabled Relative Qualifications: The expenses which may be claimed are those for the care of a person who is your grandchild, child, parent, or grandparent. The disabled person must be unable, by reason of physical or mental disability, to live independently and must be receiving or be [...]

How do I claim my Iowa Mortgage Interest Credit Deduction?

Taxpayers with the mortgage interest credit can claim on their Iowa return a deduction on line 9b of Schedule A for all mortgage interest paid in the tax year and not just the mortgage interest that was deducted on the Federal Schedule [...]

Should I itemize my Iowa deductions?

You may itemize deductions or claim the Iowa standard deduction, whichever is larger. You may itemize deductions on your Iowa return even if you did not itemize deductions on your federal return. You must complete the Iowa Schedule A to itemize deductions on the Iowa return. A number of adjustments and separate Iowa calculations are necessary to determine the correct deduction. The new $10,000 [...]

Who can claim the Iowa tuition and textbook credit?

For tax year 2021 and later, the tuition and textbook tax credit has increased to 25% of the first $2,000 paid for tuition and textbooks for each qualifying dependent. Qualifying payments for tuition and textbook include certain expenses incurred for dependents who are receiving private instruction.Dependents must have attended a school in Iowa that is accredited under section 256.11, not [...]