I retired this year, and therefore had irregular income. As a result I underpaid my Iowa state taxes and owe a 5% penalty. I have heard there is a Federal waiver for those who retired during the year.
You'll need to sign in or create an account to connect with an expert.
Page 3 of this pdf lists a waiver for those 62 or older that retired during the year.
https://tax.iowa.gov/sites/files/idr/forms1/2017IA2210%2845007%29.pdf
The next link is the actual waiver Form for the state of Iowa.
If not sure, I would file it, you might get the penalty waived.
https://tax.iowa.gov/sites/files/idr/forms1/Penalty%20Waiver%20Request%20%2878-629%29.pdf
Page 3 of this pdf lists a waiver for those 62 or older that retired during the year.
https://tax.iowa.gov/sites/files/idr/forms1/2017IA2210%2845007%29.pdf
The next link is the actual waiver Form for the state of Iowa.
If not sure, I would file it, you might get the penalty waived.
https://tax.iowa.gov/sites/files/idr/forms1/Penalty%20Waiver%20Request%20%2878-629%29.pdf
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
duckush
New Member
dawnvanhurst
New Member
loco125359
New Member
Nem2
New Member
ecenurcosar
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.