![]() ![]() It may be to your advantage to take this deduction on line 18 of the IA 1040 instead of the Iowa Schedule A. 100% of the amount paid for health insurance premiums paid for with post-tax dollars is deductible on line 18 of the IA 1040. Line 1: Enter medical and dental expenses as allowed on federal form 1040, Schedule A, line 1, less the amount reported as health insurance on line 18 of the IA 1040. The federal Schedule A cannot be used with the Iowa return. Include your Iowa Schedule A with your return. If you itemize, complete the Iowa Schedule A, check the itemized box on line 37 and enter your total itemized deduction. Standard Deductionįor tax year 2020, the standard deduction is:įiling Status 3 or 4: $2,110 for each spouseįiling Status 2, 5, or 6: $5,210 Itemized Deduction Taxpayers may still deduct eligible state and local taxes paid, independent of the federal dollar limitation. The new $10,000 federal cap on the itemized deduction for state and local taxes does not apply for Iowa purposes. A number of adjustments and separate Iowa calculations are necessary to determine the correct deduction. You must complete the Iowa Schedule A to itemize deductions on the Iowa return. You may itemize deductions on your Iowa return even if you did not itemize deductions on your federal return. You may itemize deductions or claim the Iowa standard deduction, whichever is larger.
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