DC Updates

Iowa Beginning Farmer Tax Credit Unfunded for 2018

Due to a decrease in funding, there will be no beginning farmer tax credit applications available for 2018.

Summary of Iowa Beginning Farmer Tax Credit Program

Iowa has a special tax credit for landlords that work with beginning farmers. The tax credit varies depending on the type of lease agreement, but it can provide a significant benefit if the lessee qualifies as a beginning farmer.

Iowa taxpayers benefit from the Wynne Decision

If you are in a school district that imposes the School District Surtax or the EMS Surtax (click here for a list of districts that impose the surtax) AND have paid taxes on earnings in another state, you may be eligible for a refund.

Iowa Inheritance Tax

Iowa is one of a number of states that assess a tax on the inheritance of property. The tax applies to Iowa residents and to nonresidents who own certain types of property (such as real estate) located in the state of Iowa at the time of death.

Iowa Military Pension Exclusion

On May 26, 2014, Iowa Governor Branstad signed into law a provision for the exclusion of military retirement benefits from Iowa individual income tax. The change will be effective for the tax year beginning January 1, 2014.