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How do I claim child and dependent care for Iowa?

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Question
How do I claim child and dependent care for Iowa?

Answer

Child and Dependent Care Credit

If you are choosing the Child and Dependent Care Credit, use the following worksheet and percentage table to calculate the credit. The percentages are based on your Iowa net income on line 26. You must include a copy of your completed federal form 2441.

Child and Dependent Care Credit Worksheet

1. Enter the amount from line 11 of federal form 2441 1.
2. If total of line 26 of the IA 1040, columns A and B, is:

Less than $10,000 enter 75%
$10,000 - $19,999 enter 65%
$20,000 - $24,999 enter 55%
$25,000 - $34,999 enter 50%
$35,000 - $39,999 enter 40%
$40,000 - $44,999 enter 30%
$45,000 and over: not eligible for credit

Enter the appropriate percent here.

2.______________________%
3. Multiply line 1 by percentage on line 2.
Enter the result here and on line 59 of the IA 1040.
3.



 


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Article Details
Views: 912 Created on: Jun 15, 2013
Date updated: Dec 30, 2019
Posted in: States, Iowa

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