Question

Why is my Iowa taxes due so high this year?

Forum|Forum|5 years ago
March 30, 2021
1 reply
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How can it over $3000 this year and only $916 last year?

TurboTax Deluxe Online

Employee

Did you have any special type of income in 2020, such as retirement benefits or unemployment comp? Because Iowa is a state that automatically conforms with the Internal Revenue Code, certain unemployment compensation will not be included in Iowa income. Based on the federal legislation, the first $10,200 of unemployment compensation income is excluded from taxation for qualifying taxpayers, but the rest is taxable for both Federal and State.

But also check your data entry, and then look at your 2019 and 2020 State returns side by side. Something may stand out.