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Iowa Tax Brackets and Tax Deductions

Iowa State brackets 2024

The state of Iowa collects income tax from its residents at the same rate regardless of filing status. Here’s a breakdown of the Iowa state for tax year 2023. 

For married filing jointly

Taxable IncomeTax Rate
Up to $12,0004.4%
$12,000-$60,0004.82%
$60,001-$150,0005.7%
Over $150,0006%

For all taxpayers other than married taxpayers filing jointly

Taxable IncomeTax Rate
Up to $6,0004.4%
$6,001-$30,0004.82%
$30,001-$75,0005.7%
Over $75,0006%

Iowa standard tax deductions

Iowa no longer has its own standard deductions and will instead follow the federal standard deduction. Taxpayers must use the same filing status on their Iowa tax return that they used on the federal tax return. Married taxpayers also can no longer file separately on a combined return. Check your Iowa tax refund status.

Iowa School District Surtax

As a resident of Iowa, the school district surtax is another detail to understand when it comes to state income taxes. The surtax generates revenue that goes directly to the school district the taxpayer resides in. The amount paid is based on the taxpayer’s total individual state income tax. That amount is multiplied by the district’s surtax rate to calculate the amount owed. Each district’s rate varies, but all are within 0-20%.

Example: If a taxpayer’s total state income taxes are $1,000, and they live in a school district with a 10% surtax, the school district surtax is $100.

This article is for informational purposes only and not legal or financial advice.

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James Frazier: James Frazier is a marketer and writer with professional expertise in finance and taxes. He enjoys bringing clarity to the often complicated realm of tax rules and regulations.
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