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February 6, 2024
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Iowa-- pension exclusion for 2023

  • February 6, 2024
  • 2 replies
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Iowa is now an AGI state for 2023, so there were lots of changes to tax software.   As of 2/5/24 (and I downloaded IA today), it looks like the IA Pension Exclusion is not working.  The Pension Exclusion Worksheet is not correctly footing and carrying to Schedule 1, Line 7.  

 

    Best answer by DaveF1006

    I checked my program and the pension exclusion seems to work fine for Iowa. My pension income is correctly posting in IA 1040, Schedule 1 Line 7. If you have the desktop/download version, you have the opportunity to manually record the amount in IA 1040 Schedule 1 Line 7 if you properly entered your pension information in your federal return. 

    2 replies

    DaveF1006
    DaveF1006Answer
    February 9, 2024

    I checked my program and the pension exclusion seems to work fine for Iowa. My pension income is correctly posting in IA 1040, Schedule 1 Line 7. If you have the desktop/download version, you have the opportunity to manually record the amount in IA 1040 Schedule 1 Line 7 if you properly entered your pension information in your federal return. 

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    HOLLYIOWAAuthor
    March 8, 2024

    Thanks.   As of 3/7/24, the download version still is not posting this properly.   I was able to manually insert the adjustment on the Schedule 1.