Iowa Charitable Contribution Payroll Deduction Form
Description
How to fill out Charitable Contribution Payroll Deduction Form?
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FAQ
Other ExpensesBeginning in tax year 2019, Iowa is conformed to the federal repeal of miscellaneous itemized deductions and unreimbursed employee expenses for most taxpayers. Do not include any deductions on line 19 that were not allowable on your federal Schedule A, line 16.
The state standard deductions in 2020 for Iowans are also set to rise slightly: $2,110 for single tax filers. $2,110 for married taxpayers filing separately. $5,210 for married filing jointly.
Individual Income Tax Standard Deductions$2,210 for single taxpayers. $2,210 for married taxpayers filing separately. $5,450 for married taxpayers filing jointly.
Are unreimbursed employee expenses deductible in 2020? The vast majority of W-2 workers can't deduct unreimbursed employee expenses in 2020. The Tax Cut and Jobs Act (TCJA) eliminated unreimbursed employee expense deductions for all but a handful of protected groups.
Alabama, Arkansas, California, Hawaii, Minnesota, New York and Pennsylvania all provide a deduction for unreimbursed employee business expenses on their respective state income tax returns, he said.
But, if you have unreimbursed business expenses as an employee (what used to be known as Employee Business Expenses EBE), then those expenses are generally no longer deductible for the 2019 tax year on your federal tax return. In fact, they were not deductible in 2018, and will not be deductible through 2025.
You can deduct only unreimbursed employee expenses that are paid or incurred during your tax year, for carrying on your trade or business of being an employee, and ordinary and necessary. An expense is ordinary if it is common and accepted in your trade, business, or profession.
For the tax year 2021, the Iowa deduction for federal income tax paid is a maximum of 50% of the qualifying federal tax payments.
Under this provision, tax year 2021 individual tax filers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for married individuals filing joint returns.
The 2020 standard deduction is increased to $24,800 for married individuals filing a joint return; $18,650 for head-of-household filers; and $12,400 for all other taxpayers.
