turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Sprat
New Member

Iowa nonresident

Turbo Tax is saying I am a "Low Income Exempt" for the IA state income taxes, when my income is above the limit per IA Dept of Revenue web page.  Did I impute something wrong?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
RobertG
Expert Alumni

Iowa nonresident

Iowa taxes start with federal income and then require various adjustments for the Iowa tax return. The end result of these adjustments is “Iowa Net Income” on line 26 of the Iowa 1040.

 

If a taxpayer’s net income is below certain thresholds, they might not need to file a tax return.

Those thresholds are:

  • Single and under age 65: net income $9,000 or less
  • Single and over age 65: net income $24,000 or less
  • Married and under age 65: net income of $13,500
  • Married and over age 65: net income of $32,000
  • Single, any age and claimed as a dependent by someone else: $5,000

Even if you owe no tax, you must file an income tax return to get a refund of any refundable Iowa credits or any Iowa tax withheld.

 

Please see this Iowa Dept. of Revenue website for further information: Qualifications for Exemption from Tax

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies