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Tax Relief in Iowa

Iowa MapIowa residents tend to rank towards the middle of state averages across a number of measurements related to taxes. For example, Iowans’ typically pay approximately $1400 per person in property taxes, ranking the state 18th overall.

Iowa’s state and local individual taxes also put the state in 18th place, with an average tax of $963 collected for every resident. Iowa ranks 39th with respect to federal taxes, averaging well below the national average with $8650 in taxes owed by a typical Iowan.

However, Iowa has experienced a decline of nearly 5% in median household incomes in recent years. This overall decline, in conjunction with individual circumstances of job loss, medical expenses, and overextended credit can lead Iowans to become delinquent in payment of their tax obligations. Unfortunately, for some people, when their tax bills come due on April 15th, they have no savings in reserve to pay those bills; living from one paycheck to the next in order to meet basic needs of shelter, food, clothing, and transportation has left them with nothing to set aside for taxes.

As the pressure mounts, they continue to struggle with making ends meet, and their tax debt still goes unpaid; Iowans in these circumstances may then experience the stress of wage garnishment or seizure of assets as state and federal tax collection agencies force the payment of taxes in those ways. Many state residents are unaware of tax relief strategies available to help them manage their financial challenges related to tax debt.

Tax relief companies are often useful in helping Iowans solve some of their most serious tax problems. These tax relief specialists work to analyze their clients’ tax obligations and in many circumstances they can significantly reduce their tax debt. Tax relief companies have a range of tools at their disposal, such as investigation of tax liens and levies, audit representation, and negotiating penalty abatement.

 

Benefits of Iowa's tax cuts could be delayed by slow growth

DES MOINES, Iowa (AP) - Iowa Republicans said it was essential to pass $2.8 billion in tax cuts in part due to federal tax changes, but those state reductions might not be implemented for years under a plan awaiting the governor's signature. Iowa has an ...

Published:  Sun, 20 May 2018 09:36:00 GMT



Tax cuts for typical Iowa family could yield $7 a paycheck

DES MOINES, Iowa (AP) - Iowa is on the verge of implementing sweeping income tax cuts that will have long-lasting effects felt in every corner of the state. Legislation was sent to Republican Gov. Kim Reynolds, who is campaigning for election on tax cuts ...

Published:  Mon, 14 May 2018 08:02:00 GMT



Iowa Republicans pitch 'crisis-proof' tax cuts

Iowa Republicans this weekend passed a tax plan that they say can't go wrong. It has a huge tax cut - especially for wealthy Iowans - that's aimed at stimulating the economy, but Republicans say it also has safety-valve provisions that will protect the ...

Published:  Tue, 08 May 2018 16:06:00 GMT



What's in the Iowa Tax Reform Package

Iowa's existing tax code is outdated and needlessly complex. Too often, it puts a thumb on the scale, favoring some industries and activities over others. It has high "sticker" rates and a curious distribution of tax burdens in part because of an ...

Published:  Wed, 09 May 2018 12:01:00 GMT



Governor approves new $30 million "˜telco' tax break

Four years from now, telephone companies and cable companies will pay about $30 million less in Iowa property taxes as a result of legislation Governor Kim Reynolds has approved. Buildings and cell towers will remain subject to local property tax ...

Published:  Thu, 17 May 2018 13:17:00 GMT



Extremes see most benefit from Iowa tax reform

DES MOINES, Iowa (KCRG-TV9) - The extremes will see the most benefit under a tax reform package now awaiting Governor Reynolds signature. The package - a priority for Republicans - was the last hurdle for the Iowa legislature to wrap up its 2018 session.

Published:  Mon, 14 May 2018 15:32:00 GMT



Leader on Tax Cuts Bill to Chair Iowa House Tax Committee

DES MOINES, Iowa (AP) - Iowa House Republicans have announced a new chairman for a key tax-writing committee. House Speaker Linda Upmeyer on Tuesday named Rep. Peter Cownie, a West Des Moines Republican, chairman of the House Ways and Means Committee.

Published:  Tue, 15 May 2018 13:04:00 GMT



Tax Breaks for Religious Schools Await Governor's Signature

Listen Listening... 4:09 Since 1998, Iowans have been able to save money on their state and federal taxes by contributing to College Savings Iowa, administered through the office of State Treasurer Mike Fitzgerald. "It's been wildly popular ...

Published:  Wed, 16 May 2018 18:24:00 GMT



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