Iowa Income Tax Guide for 2024
Overview
Iowa uses a progressive income tax system with rates ranging from 4.4% to 5.7%. Capital gains are taxed as ordinary income. The state offers a standard deduction of $14,600 for single filers.
Income Tax Rates
Single Filers
| Income Range | Tax Rate |
|---|---|
| Up to $6,209 | 4.4% |
| $6,210 - $31,049 | 4.82% |
| $31,050+ | 5.7% |
Married Filing Jointly
| Income Range | Tax Rate |
|---|---|
| Up to $12,419 | 4.4% |
| $12,420 - $62,099 | 4.82% |
| $62,100+ | 5.7% |
Capital Gains Tax
Capital gains are taxed at the same rates as ordinary income.
Deductions & Exemptions
| Type | Amount |
|---|---|
| Standard Deduction (Single) | $14,600 |
| Standard Deduction (Married Filing Jointly) | $29,200 |
Additional Information
- 2024 was the last graduated-rate year, topping out at 5.7%; a 3.8% flat rate applies from tax year 2025
- Iowa starts from federal taxable income, so the federal standard deduction ($14,600 single / $29,200 married filing jointly for 2024) carries through
- Iowa grants a $40 personal credit per taxpayer and $40 per dependent; these are credits against tax, not deductions from income
- Military retirement pay fully exempt
Charts
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Sources
The 2024 figures for Iowa on this page were compiled from the following official government publications:
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