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It notes the number of Iowa tax brackets decreased from four to three, with the top rate at 5.7% for taxable income over $31,050.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},301106,1790185651,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,118,123],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":4,"slug":125},158,"general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":124,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":30,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":141},2336464648746,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","2024  \nIOWA INDIVIDUAL INCOME TAX ANNUAL STATISTICAL REPORT  \n2024 RETURNS FILED IN 2025  \nReport Publication Date: June 2026  \nResearch and Policy Division Iowa Department of Revenue  \nE-mail: [John.Good2@iowa.gov](John.Good2@iowa.gov)[ ](John.Good2@iowa.gov)[Phone:](Phone:) (515) 314-7551  \nContents  \nINTRODUCTION .................................................................................................................................................................................... 2  \nOVERVIEW OF RELEVANT FEATURES OF TAX LAW – TAX YEAR 2024........................................................................................ 2  \nTable 1. Iowa 2024 Tax Rate Schedule............................................................................................................................................... 4  \nFigure 1. Tax Year 2024 Aggregate Taxable Income of Iowa Residents by Tax Rate and Income Bracket........................................ 5  \nREVIEW OF 2024 TAX YEAR ............................................................................................................................................................... 7  \nFigure 2A. Percentage of Returns by Filing Status.............................................................................................................................. 7  \nFigure 2B. Percentage of Tax Liability by Filing Status ....................................................................................................................... 7  \nTable 2. Additional Taxes, Credits, and Check-Off Programs for 2024 ............................................................................................... 9  \nTAX LIABILITY BY IOWA TAXABLE INCOME................................................................................................................................... 11  \nTable 3. Tax Burden by Iowa Taxable Income, All Returns and Iowa Resident Returns................................................................... 12  \nFigure 3. Share of Iowa Taxable Income and Tax Liability by Income Group for Resident Returns .................................................. 13  \nEFFECTIVE TAX RATES..................................................................................................................................................................... 14  \nFigure 4. Tax Year 2024 Iowa Individual Income Tax Average Effective Rates by Filing Status for Resident Returns ..................... 15  \nLOW-INCOME TAXPAYERS’ RETURNS AND THE IOWA INDIVIDUAL INCOME TAX ................................................................... 16  \nFigure 5. Net Income at which First Dollar of Iowa Individual Income Tax is Collected, Tax Years 2010 through 2024 .................... 17  \nFigure 6. Estimated Iowa Income Tax Liability at Poverty Threshold, Tax Years 2010 through 2024 ............................................... 19  \nHISTORICAL TRENDS IN FILINGS, INCOME, AND TAX LIABILITY ................................................................................................ 20  \nTable 4. Historical Iowa Individual Income Tax Statistics – Returns, Income, Tax Liability, and Effective Tax Rates ....................... 21  \nFigure 7. Percentage of Tax Returns by Form of Return, by Tax Year ............................................................................................. 22  \nEXPLANATION OF TERMS ................................................................................................................................................................ 23  \nLIST OF STATISTICAL TABLES AVAILABLE IN THE INCLUDED EXCEL FILE APPENDIX .......................................................... 26  \nA. ALL RETURNS ............................................................................................................................................................................. 26  \nB. RESIDENT RETURNS.................................................................","cbCaiddaW0XxHtB8","https://ap.wps.com/l/cbCaiddaW0XxHtB8","pdf",537189,27,"English","# Introduction\n# Overview of Relevant Features of Tax Law – Tax Year 2024\n# Review of 2024 Tax Year\n# Tax Liability by Iowa Taxable Income\n# Effective Tax Rates\n# Low-Income Taxpayers’ Returns and the Iowa Individual Income Tax\n# Historical Trends in Filings, Income, and Tax Liability\n# Explanation of Terms\n# List of Statistical Tables Available in the Included Excel File Appendix","[{\"question\":\"What data period does the report cover and what sources does it use?\",\"answer\":\"The report covers Iowa individual income tax for tax year 2024 and summarizes information from Tax Year 2024 IA 1040 Individual Income Tax returns. It also reviews relevant features of Iowa tax law effective for the tax year.\"},{\"question\":\"How is the reported tax liability figure for 2024 described?\",\"answer\":\"The report states that $4.2 billion in Iowa individual income tax liability was reported on 1.6 million returns for tax year 2024. The tax was based on $171.5 billion in Iowa taxable income.\"},{\"question\":\"How do legislative changes affect the IA 1040 for tax year 2024?\",\"answer\":\"The report explains that legislative changes effective January 1, 2024 revised the IA 1040 for tax year 2024. It notes the number of Iowa tax brackets decreased from four to three, with the top rate at 5.7% for taxable income over $31,050.\"}]","IOWA INDIVIDUAL INCOME TAX ANNUAL STATISTICAL REPORT - 2024 | PDF",1789779282,9]