Iowa Income Tax Information - 2012 (Page 8 of 11) in pdf

relate to the teaching of only those subjects legally and commonly

your federal return must be attached.

taught in Iowa’s public elementary and secondary schools. “Textbooks”

LINE 53. Other Nonrefundable Iowa Credits. Enter the total of the

means books and other instructional materials used in teaching those

credits from Part I of the IA 148 Tax Credits Schedule. See the 2012

same subjects. This includes fees, books, and materials for

online Expanded Instructions for the list of credits. You must attach

extracurricular activities. Examples of extracurricular activities: sporting

the IA 148 to the IA 1040.

events, speech activities, musical or dramatic events, driver’s education

LINE 55. School District Surtax/EMS Surtax. Multiply the amount

(if paid to a school), awards banquets, homecoming, prom (clothing

on line 54 by the surtax rate and enter the result. The applicable school

does not qualify), and other school related social events. For lists of

district is the one in which you resided on the last day of the tax year,

items eligible and not eligible for the credit, see 2012 Expanded

not necessarily the district where your children attend school. Taxpayers

Instructions on our Web site. (Credit can be claimed only for

without children, or without children in public school, are still subject

dependents listed on the return.) Calculate the proper amount of

to this tax. Surtax rates are listed on pages 16-17. The name of your

expenses per dependent and multiply the amount – not to exceed $1,000

school district may be found on your voter registration card.

– by 25% (.25). Example: Students Patty and Mark have qualifying

LINE 58. Contributions. Enter your voluntary contributions to any of

expenses of $1,400 and $700 respectively. Their parents can take a

the checkoffs in boxes 58a, 58b, 58c, and 58d. Please note that you

credit of $250 (25% of $1,000 maximum) for Patty and $175 (25% of

may contribute to any of the checkoffs regardless of whether you are

$700) for Mark, for a total credit of $425.

entitled to a refund or owe additional taxes, but your contribution will

MARRIED SEPARATE FILERS: This credit must be taken by the

reduce your refund or add to the amount you owe. Your contribution

spouse claiming the dependent. Any unused part of this credit cannot

this year will qualify as a charitable contribution on next year’s return

be used by the other spouse.

if the return is filed during the calendar year. If you file an amended

LINE 51. Credit for Nonresident or Part-year Resident. Enter the

return, you cannot change your contribution.

amount of your nonresident/part-year resident tax credit from Schedule

MARRIED SEPARATE FILERS: Married couples filing separately on

IA 126, line 33. IA 126 instructions begin on page 8. Examples are

a combined return (filing status 3) must enter their combined checkoff

available in the online Expanded Instructions. You may owe less tax

amounts in the appropriate box(es) if both choose to contribute.

by using filing status 3 or 4. A copy of Schedule IA 126 and a copy of

STEP 9 CREDITS

Nonresidents and Part-year Residents: The Child and Dependent

LINE 60. Iowa Income Tax Withheld. Enter the total amount of

Care Credit must be adjusted using the following formula:

income tax withheld for Iowa on your W-2s, W-2Gs, and/or 1099s.

LINE 61. Estimated and Voucher Payments. Enter the total amount

Iowa net income (line 26, IA 126)

of 2012 Iowa estimated tax payments. This includes any fourth quarter

payment made in January 2013 and any payments made with the

All-source net income of you

credit calculated

credit on

above

line 64

IA 1040V Payment Voucher for 2012. Also include any amount applied

and spouse (line 26, IA 1040)

to your 2012 Iowa estimated tax from line 71 of your 2011 Iowa

The ratio cannot exceed 100%

income tax return.

If you are choosing the Early Childhood Development Credit,

LINE 62. Out-of-state Tax Credit. All income an Iowa resident earns

you may take the credit equal to 25% of the first $1,000 of qualifying

is taxable to Iowa to the same extent that it is taxable on the federal

expenses paid in 2012 for each dependent from the ages of three through

return even if the income was earned in another state or foreign country.

five.

If another state or foreign country taxes that same income, then the

Expenses that qualify include the following:

Iowa resident may be able to claim the Out-of-state Tax Credit by

•

Services provided by a preschool, as defined in IA Code section

completing the IA 130 form. See examples on page 10.

LINE 63. Motor Fuel Tax Credit. Enter the amount of Motor Fuel

237A.1

Tax Credit from Schedule IA 4136. The federal Schedule 4136 cannot

•

Books that improve child development, such as textbooks, music

be used. The Iowa credit does not apply to fuel used in on-road vehicles

and art books, teacher’s editions, and reading books

or pleasure boats. If you have an Iowa Motor Fuel Tax Refund Permit

•

Instructional materials required to be used in a lesson activity, such

Number and have claimed any refunds during the tax year, do not

as paper, notebooks, pencils, and art supplies

claim any credit on this line.

•

Lesson plans and curricula

LINE 64. Child and Dependent Care Credit OR Early Childhood

•

Development Credit. Only one of these credits may be taken. Only

Child development and educational activities outside the home, such

taxpayers with a net income of less than $45,000 are eligible to take

as drama, art, music and museum activities, and the entrance fees

one of these credits. If you are married, your net income and the net

for such activities

income of your spouse must be combined to determine if you qualify,

Early childhood development expenses that do not qualify include:

even if your spouse does not file an Iowa return.

•

Food, lodging, or membership fees relating to child development

If you are choosing the Child and Dependent Care Credit, use

and educational activities outside the home

the following worksheet to calculate the credit.

•

Services, materials, or activities for the teaching of religious tenets,

1. Enter the amount from line 11 of federal form 2441.

doctrines, or worship, if the purpose of these expenses is to instill

1. _____________

those tenents, doctrines, or worship

2. If total of line 26 of the IA 1040, columns A and B, is:

MARRIED

SEPARATE

FILERS: In computing the credit, the

allowable %

combined net income of both spouses must be used. The credit must

Less than $10,000 ....... 75% $25,000 - $34,999 ... 50%

be divided between spouses in the ratio of each spouse’s net income to

$10,000 - $19,999 ...... 65% $35,000 - $39,999 ... 40%

their combined net income.

$20,000 - $24,999 ...... 55% $40,000 - 44,999 ... 30%



Expanded Instructions are at

$45,000 and over: .....

Enter % here 2. ___________

3. Multiply line 1 by the percentage on line 2.

Enter the result here and

on line 64 of the IA 1040.

3. ___________

41-002h (09/14/12)

Iowa Income Tax Information - 2012 Page 8

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