Iowa Income Tax Information - 2012 (Page 7 of 11) in pdf

LINE 38. Iowa State Income Tax if included in line 5 of federal

respective net incomes.

Schedule A. Iowa state income tax is not deductible on the Iowa

b. Adoption Expenses: If you adopted a child during the tax year,

return, so if your total itemized deductions on line 37 include Iowa

you may be eligible to deduct a portion of the adoption expenses you

state income tax, enter the amount of Iowa state income tax on line 38.

paid in 2012. This deduction is taken in the year you paid the expenses

The amount entered here should not include School District Surtax nor

even if the child is not placed in your home that year. Costs relating to

the Emergency Medical Services Surtax shown on line 55 of the IA

the child’s birth, any necessary fees, and all other costs connected

1040, if they were included on line 5 of the 2012 federal Schedule A.

with the adoption procedure are allowed. Include a list of expenses

Iowa state income tax deduction must

with your return.

MARRIED SEPARATE FILERS:

be divided between spouses in the ratio of their respective net incomes.

Subtract 3% of your total Iowa net income entered on line 26 from the

LINE 40. Other Deductions (used only if itemizing deductions)

total of qualifying adoption expense. If married, 3% of the combined

a. Expenses Incurred for Care of a Disabled Relative: Expenses,

net income must be subtracted. Only the amount which exceeds 3% of

not to exceed $5,000, incurred in caring for a disabled relative in your

your total Iowa net income may be deducted.

home may be deducted. The expenses must be for the care of a person

: This deduction must be divided

MARRIED SEPARATE FILERS

who is your grandchild, child, parent, or grandparent. The disabled

between spouses in the ratio of their respective net incomes.

person must be unable, by reason of physical or mental disability, to

c. Mileage Deduction for Charitable Purposes: Iowa allows you an

live independently and must be receiving or be eligible to receive

additional deduction for automobile mileage driven for charitable

medical assistance benefits under Title 19 of the U.S. Social Security

organizations. Calculate the deduction as follows:

Act. Only expenses that are not reimbursed can be claimed.

1. Number of miles x 39¢/mile

An itemized list of expenses must be included with the return. Items

2. Less charitable mileage deduction

may include food, clothing, medical expenses not otherwise deductible,

entered on federal or Iowa Schedule A

and transportation. The following expenses cannot be included: rent,

3. Equals additional mileage deduction

mortgage payments, interest, utilities, house insurance, and taxes.

for charitable purposes.

A statement from a qualified physician certifying that the person with

LINE 41. Itemized or Standard Deduction. Mark the correct box to

the disability is unable to live independently must be submitted with

show the deduction method used.

the return the first year the deduction is taken and every third year

STANDARD: Tax year 2012, standard deduction is:

thereafter.

Filing Status 1:

$1,860

The total deduction claimed by both

MARRIED SEPARATE FILERS:

Filing Status 3 & 4:

$1,860 for each spouse

spouses for each relative with a disability may not exceed $5,000. This

Filing Status 2, 5 or 6: $4,590

deduction must be divided between spouses in the ratio of their

STEP 8 TAX CALCULATION

LINE 43. Tax from Tables or Alternate Tax. The tax tables begin

MARRIED SEPARATE FILERS (including status 4): Use the combined

on page 11 for all filing statuses.

net incomes of both spouses to compute the alternate tax. (If you are

Alternate Tax Calculation: For filing statuses 2, 3, 4, 5, and 6. If the

status 4 and do not provide the other spouse’s income in Step 2 of the

combination of your net income from line 26 PLUS any pension

IA 1040, you will not be allowed the alternate tax calculation.) Divide

exclusion taken on line 21 and Social Security Phase-out taken on line

the alternate tax between spouses in the ratio of the net income of each

12 of the Social Security Worksheet on page 2 exceeds $13,500 ($32,000

spouse to the combined net income of both spouses. “Net income” for

if you or your spouse is 65 or older on 12/31/12), you are required to

purposes of this proration is the amount from line 26, plus any pension

file a return but you may owe less tax by completing the worksheet

exclusion from line 21 and Social Security Phase-out taken on line 12

below to compute your tax liability. Enter this alternate tax on line 43

of the Social Security Worksheet.

if it is less than the tax from the tax table. This is not available to

LINE 44. Iowa Lump-sum Tax. Enter 25% of federal tax from form

status 1 filers.

4972.

If you are married filing separately and one spouse has a net

LINE 45. Iowa Minimum Tax. The Iowa minimum tax is imposed,

operating loss that will be carried back or forward, then you cannot

for the most part, on the same tax preference items and adjustments on

use the alternate tax computation. If the spouse with the net operating

which federal minimum tax is imposed. However, you may be subject

loss elects not to carry the net operating loss back or forward, then you

to Iowa minimum tax even if you have no liability for federal minimum

can use the alternate tax computation. A statement must be attached to

tax. If you had tax preference items and adjustments in 2012, see form

the return saying that the spouse with the net operating loss will not

IA 6251 for further information.

carry it back or forward.

Nonresidents and Part-year Residents: If you have Iowa-source tax

ALTERNATE TAX CALCULATION

preferences or adjustments, you may be subject to Iowa minimum tax.

1. Enter the total of net income from line 26, pension exclusion from

See form IA 6251.

line 21 of the IA 1040 and Social Security Phase-out taken on line

LINE 48. Tuition and Textbook Credit. Taxpayers who have one or

12 of the Social Security Worksheet on page 2. Filing statuses 3 or

more dependents attending Kindergarten through 12th grade in an

4: Enter combined totals of both spouses. ......... 1. _____________

accredited Iowa school may take a credit for each dependent for amounts

2. Enter $13,500. ($32,000 if you or your spouse

paid for tuition and textbooks. Dependents must have attended a school

is 65 or older on 12/31/12.) ................................ 2. _____________

in Iowa that is accredited under section 256.11, not operated for a

3. Income subject to alternate tax. Subtract line 2

profit, and adheres to the provisions of the U.S. Civil Rights Act of

from line 1 ............................................................ 3. _____________

1964. The credit amount is 25% of the first $1,000 paid for each

4. Multiply line 3 by 8.98% (.0898). ....................... 4. _____________

dependent for tuition and textbooks. In the case of divorced or separated

5. Using the tax tables, determine the tax on

parents, only the spouse claiming the dependent can claim the amounts

the taxable income from line 42 of the IA 1040.

paid by that spouse for tuition and textbooks for that dependent.

Status 3 and 4 filers: Calculate tax separately

Expenses for textbooks or other items for home schooling, tutoring, or

and combine the amounts. .................................. 5. _____________

schooling outside an accredited school do not qualify for the credit.

6. Compare the amounts on line 4 and line 5.

“Tuition” means any charges for the expense of personnel, buildings,

Enter the smaller amount here and on line 43,

equipment, and materials other than textbooks, and other expenses that

IA 1040. .............................................................. 6. _____________

41-002g (09/14/12)

Iowa Income Tax Information - 2012 Page 7

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