This past session, the Legislature approved a measure granting all U.S. military veterans with 100% service connect disability to be exempt from property taxes for their place of residence. In addition, this includes surviving spouses of veterans who died on active duty or died due to their 100% service connected disability. This exemption can be applied [...]
While the 2014 legislative session ended in April, Iowans should be aware of a number of new laws that take effect beginning July 1st, the start of the state’s fiscal year. Topping the list of new laws are several new initiatives aimed at boosting Iowa’s skilled workforce, including $66 million for the skilled worker job creation [...]
In an effort to help middle class families, the House approved a tax credit to help Iowans offset the cost of child care. The Iowa Child and Dependent Care Tax Credit is a refundable tax credit available to anyone that had child care expenses in the last year, such as paying someone to care for a [...]
The House voted this week to double the tax credit available to volunteer firefighters and emergency medical technicians (EMTs). The credit is currently a $50 nonrefundable tax credit for any volunteer fire fighter or emergency medical services personnel. The bill will make the credit $100 each year. The bill also expands the credit to reserve police [...]
Volunteer fire fighters and Emergency Medical Services Personnel (EMTs) are reminded to apply for a $50 Iowa income tax credit on their 2013 taxes. The credit is intended to compensate for some of their volunteer services. In addition, often volunteer fire fighters and EMT have additional training and equipment requirements, which sometimes have to be paid [...]
State representatives reminded working families today to claim the Earned Income Tax Credit on their 2009 taxes. Many families are also eligible to participate in a free tax filing program. Workers with one child and earnings less than $35,463 in 2009 are eligible for a tax credit up to $3,043. Workers raising more than one child with [...]
