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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. ...
Iowa's top income tax rate this year is 5.7%. The state was already transitioning to a 3.9% flat tax by 2026 under a law Reynolds signed two years ago. The new law speeds up that process and ...
Reynolds, seeking to build on three prior cuts under her administration, has proposed accelerating a series of gradual reductions to bring Iowa's rate down to a flat tax of 3.65% in 2024.
Iowa is quickly becoming one of the most taxpayer-friendly states in the country. On the heels of delivering a historic income tax cut just two years ago, Republicans used the 2024 Iowa ...
The deal is a sign of progress as Iowa lawmakers work toward adjourning the 2024 legislative session in the coming days. The legislation also makes other changes to Iowa's tax laws, ...
The plan, Senate Study Bill 3141, would attempt to lower Iowa's individual income tax, with a current top rate of 5.7%, to zero over a gradual period, using a new state trust and investing through ...
Gov. Kim Reynolds signed a law in 2022 that will take Iowa to a flat income tax rate of 3.9% by 2026. The state's top rate this year is 5.7% and will drop to 4.82% next year unless lawmakers make ...
Iowa's income tax season officially begins the same day as federal return processing: Jan. 29, 2024. But, Iowans do have more time to file their state returns compared to their federal returns.
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