WHAT'S NEW?

Ethanol Blended Gasoline Tax Credit

This is an income tax credit, not a motor fuel credit.

• Line 66; item "d"

Exemption of withdrawals from retirement plans of Guard or Reserve members

• Line 24; item "p"

Federal bonus depreciation

The State of Iowa will not couple with the Federal Bonus Depreciation and revised NOL Carrybacks. You will find information and procedures in the following files and forms.

• General information
• Line 5
• Line 11
• Line 13
• Line 14
• Line 37
• IA 41-104
• IA 4562A

Hybrid auto deduction

• Line 24; item "j"

Net operating losses

• General information
• Line 24; item "n"

New payment options

• General information and links to options

Schedule B
Schedule B is required if interest and/or dividends exceed $1,500. In prior years this was $400.

Teacher supplies deduction

• General information
• Line 24; item "s"

Tuition and fees deduction

• Line 24; item "t"