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State of play: Iowa's individual income tax rate dropped to 3.8% this year, down from a top rate of 5.7% in 2024 and 8.53% in 2019.
Here's what it would look like for Iowa if those policies become law as part of reconciliation bill in Congress ...
A new state law regulating third-party health care companies can go into effect Tuesday as planned for much of Iowa, but not ...
Even with tax cuts in effect, Iowa is still projecting a $1.7 billion surplus in fiscal year 2026. ... John Hendrickson is policy director at Iowans for Tax Relief Foundation.
Currently, the excise tax on all charitable foundations is 1.39%, but the proposed legislation would enact rates of 2.78%, 5%, or even 10%, depending on the size of the foundation.
The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax bill for homeowners.
The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax liabilities for homeowners.
In a speech after she accepted the award, Reynolds recapped the series of tax cuts she has signed into law since she became governor, taking Iowa's top individual income tax rate from 8.98% in ...
But if she can claim a $40,000 SALT deduction, cutting her federal tax liability by $14,000, the net cost of California’s income tax is reduced. Her effective rate plummets from 9.0% to 6.2%.
DES MOINES -- In four years, every Iowan’s income would be taxed at 4 percent by the state under a new proposal from Gov. Kim Reynolds.
The Tax Foundation, though, points out that because of Iowa’s relatively low property values, higher rates result in lower-than-average annual property tax liabilities for homeowners.