2019 Iowa Income Tax Reduction Worksheet
https://tax.iowa.gov
41-146 (07/17/19)
Taxpayers using filing status 1, Single, and not claimed as a dependent on another person’s Iowa
return may owe less tax by using this worksheet.
A Net Operating Loss carryover must be added back to net income, IA 1040, line 26.
1. Enter:
a. Net income from IA 1040, line 26 ...................................... 1a.
b. Pension exclusion from IA 1040, line 21 ........................... 1b.
c. Reportable Social Security benefits from IA 1040,
Step 4 ................................................................................ 1c.
d. Lump Sum Tax distributions of taxable income
reported on federal form 4972, line 8 ................................ 1d.
Total. Add 1a, 1b, 1c, and 1d .................................................................................. 1.
2. Enter $9,000 on this line if you are 64 or younger OR
$24,000 if you were 65 or older as of 12/31/19 ....................................................... 2.
3. Subtract line 2 from line 1 ....................................................................................... 3.
4. Enter the amount from IA 1040, line 47 .................................................................. 4.
5. Compare lines 3 and 4. Enter the smaller number here and on IA 1040, line 47.
Write “tax reduction” to the left of line 47 ............................................................... 5.
