![]() ![]() The Iowa State Tax Tables below are a snapshot of the tax rates and thresholds in Iowa, they are not an exhaustive list of all tax laws, rates and legislation, for the full list of tax rates, laws and allowances please see the Iowa Department of Revenue website. This page contains references to specific Iowa tax tables, allowances and thresholds with links to supporting Iowa tax calculators and Iowa Salary calculator tools. Tax rates and thresholds are typically reviewed and published annually in the year proceeding the new tax year. The Iowa Department of Revenue is responsible for publishing the latest Iowa State Tax Tables each year as part of its duty to efficiently and effectively administer the revenue laws in Iowa. We also provide State Tax Tables for each US State with supporting tax calculators and finance calculators tailored for each state. To receive notifications of resources and guidance issued by the Department, subscribe to updates by selecting the tax topics of interest.The Iowa State Tax Tables for 2021 displayed on this page are provided in support of the 2021 US Tax Calculator and the dedicated 2021 Iowa State Tax Calculator. This information was sent via GovDelivery to those subscribed to receive Law & Policy updates from the Department. Iowa Code sections 422.4 defines procedures for the calculation of inflation factors. Indexation is meant to protect taxpayers from paying higher income taxes solely as a result of inflation. Iowa Code section 422.5 details indexation of Iowa income tax brackets. Indexation of the standard deductions is covered in Iowa Code sections 422.9 and 422.21. These tax features are determined each year by applying inflation factors to, or “indexing,” the previous year’s amounts. Iowa law provides for the indexation of individual income tax brackets and standard deduction amounts. Tax year 2022 income tax brackets are shown in the table below. $5,450 for married taxpayers filing jointly.$2,210 for married taxpayers filing separately. ![]() The tax year 2022 individual income tax standard deductions are: Individual Income Tax Standard Deductions The daily rate for 2022 is the annual rate divided by 365. ![]() The monthly rate is the annual rate divided by 12, rounded to the nearest one-tenth of a percentage point. Adding two percentage points results in the annual Department rate of 5.0 percent. Rounded to the nearest whole percent, this average is 3.0 percent. The prime rate averaged 3.25 percent over the past twelve months. Iowa law requires that this average be rounded to the nearest whole percent and two percentage points to be added to it. The annual rate is based on the average monthly prime rate during the preceding twelve month period, October through September. Iowa Code Section 421.7 specifies the procedures for calculating the Department’s annual and monthly interest rates. Starting January 1, 2022, the interest rate for taxpayers with overdue payments will be: Des Moines, Iowa – The Iowa Department of Revenue has finalized individual income tax brackets and individual income tax standard deduction amounts for the 2022 tax year (applicable for taxes due in 2023) and the 2022 interest rate, which the agency charges for overdue payments. ![]()
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