Earned income credit in Iowa
Varies
Does Iowa Have an Earned Income Tax Credit?
Short answer: Yes: Iowa offers the Iowa Earned Income Tax Credit, 15% of the federal EITC (refundable). Must qualify for the federal EITC. You can file an Iowa return just to claim it. Prorated for part-year residents and nonresidents.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in Iowa
Varies
Individuals / Personal Taxes
Yes: Iowa offers the Iowa Earned Income Tax Credit, 15% of the federal EITC (refundable). Must qualify for the federal EITC. You can file an Iowa return just to claim it. Prorated for part-year residents and nonresidents.
Business justification
Yes: Iowa offers the Iowa Earned Income Tax Credit, 15% of the federal EITC (refundable). Must qualify for the federal EITC. You can file an Iowa return just to claim it. Prorated for part-year residents and nonresidents. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions