For Tax Year 2024: Iowa allows you to exclude all of your retirement income from your state return. Certain qualifications must be met for your filing status.
To take this exclusion the recipient must be:
- Age 55 or older at the end of the tax year,
- Disabled, OR
- A surviving spouse of an individual that would have qualified for the exclusion based on age and disability.
How to enter?
To make this manual entry, go to:
- State Section
- Subtractions From Income
- Pension and Retirement Income Exclusion
See also Is my military pension/retirement income taxable to Iowa?