Iowa offers several credits that may reduce the amount of tax owed or increase a refund. Some credits are calculated automatically from information entered elsewhere on the return, while others require additional forms, schedules, certificates, or supporting documentation.
Program Entry
Iowa Return → Credits
The Following Information Can Be Added
Volunteer Firefighter / EMS Credit
Eligible volunteer firefighters and volunteer emergency medical services personnel may qualify for a credit based on the number of months served during the tax year.
Tuition and Textbook Credit
A credit available for qualifying educational expenses paid for eligible dependent students attending elementary or secondary school.
Early Childhood Development Credit
A credit for eligible early childhood development expenses incurred for qualifying children.
Other Credits - Form IA 148
Used to report Iowa refundable and nonrefundable credits that require Form IA 148, including many state-issued tax credit certificates and pass-through credits.
Credit for Taxes Paid to Another State
A credit available when income is taxed by both Iowa and another state. This credit helps prevent double taxation of the same income.
IA 4136 - Motor Fuel Tax Credit
A credit for Iowa fuel tax paid on fuel used for qualifying non-highway purposes.
Schedule CC - Composite and PTET Credit
Used to claim Composite Credits and Pass-Through Entity Tax (PTET) Credits reported by a pass-through entity.
Notes
- Some credits require additional forms, schedules, worksheets, certificates, or supporting documentation.
- A separate entry may be required for each credit being claimed.
- Certain credits are refundable while others are nonrefundable.
- Credits received through a partnership, S corporation, trust, estate, or other pass-through entity should match the information provided by the entity.
- Taxpayers should retain records supporting all credits claimed on the Iowa return.