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Those cuts will bring Iowa's top individual income tax rate from 8.98% in 2018 to 3.8% next year, taking it from one of the highest individual income tax rates in the country to the sixth lowest.
Iowa. Iowa, which also has a ... However, the state's sales tax will jump to 5% in 2025, up from its prior 4.45% rate, partly to pay for the income tax cut, the Tax Foundation noted. Mississippi.
The new law will give Iowa the sixth-lowest income tax rate in the country among states that impose an income tax. Nine states have no income tax. Iowa's income tax rate is dropping to 3.8%.
The law builds on a 2022 tax cut that was already set to take Iowa to a 3.9% flat income tax rate in 2026. Iowa's top income tax rate this year is 5.7%. Under the new law, all Iowans will pay a 3. ...
Gov. Kim Reynolds wants to lower Iowa's income tax to a flat 3.5% rate by 2025. Here's what else is in her tax plan. Kim Reynolds wants to cut Iowa taxes — again.
The plan, Senate Study Bill 3141, would attempt to lower Iowa's individual income tax, ... Under the bill, current income tax cuts through 2026 would be accelerated, with an additional cut in 2027 ...
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In addition, the 2022 tax cut package also put Iowa’s corporate tax on the path to a much more competitive 5.5%. ... giving Iowa a flat income tax rate of 3.8% in 2025.
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