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- Has anyone else noticed that the Iowa deduction for educator expenses is not correct if you have less than $500 of educator expenses? The Iowa return starts with federal taxable income which has the e...
Has anyone else noticed that the Iowa deduction for educator expenses is not correct if you have less than $500 of educator expenses? The Iowa return starts with federal taxable income which has the educator expenses taken out. Then again on IA SCH 1
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Tolly
Level 3
02-03-2024
03:36 PM
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Iowa starts with Federal taxable income which is already reduced by the education deduction. Then on schedule sch 1 as an adjustment to federal taxable income the education deduction is taken again. What ever you put in for your federal deduction is doubled on Iowa up to the Iowa $500 limit.
2 Comments 2
sfoster
Level 2
02-05-2024
09:43 PM
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I noticed that too. I added another adjustment to the Iowa return called "Other federal adjustment from Schedule 1" and added back the $300 from the Federal return. In the end the net is the additional $200 that Iowa allows.
Not sure it's the right thing to do, but it adds up.
Tolly
Level 3
02-06-2024
08:44 AM
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Yeah, I did the same thing. They need to get it fixed though
