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Iowa Income Tax Rates 2023-2025 #5185

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DTrim99 opened this issue Oct 8, 2024 · 0 comments · May be fixed by #5221
Open

Iowa Income Tax Rates 2023-2025 #5185

DTrim99 opened this issue Oct 8, 2024 · 0 comments · May be fixed by #5221
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@PavelMakarchuk
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2023 2024 states/ia Iowa

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@DTrim99
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DTrim99 commented Oct 8, 2024 •
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Iowa brackets for 2023 and 2024 need to be separated by joint filers and all other filers.

2023:

IA tax rates

Reference

2024 (w/ inflation adjustments):

IA tax rates 2024

Reference

2025: Flat rate at 3.8%

Reference

Could use a complete overhaul. Perhaps separating pre-2023 tax rates from 2023 to 2025 rates could make it cleaner and more accessible to users.

policyengine-us/policyengine_us/parameters/gov/states/ia/tax/income/rates/all.yaml

Lines 1 to 64 in 85bf2f0

description: Iowa levies income taxes at these rates for all filers.
brackets:
- threshold:
2021-01-01: 0
rate:
2021-01-01: 0.0033
2023-01-01: 0.044
2026-01-01: 0.039
- threshold:
2021-01-01: 1_676
2022-01-01: 1_743
2023-01-01: 6_000
2026-01-01: .inf
rate:
2021-01-01: 0.0067
2023-01-01: 0.0482
- threshold:
2021-01-01: 3_352
2022-01-01: 3_486
2023-01-01: 30_000
2025-01-01: .inf
rate:
2021-01-01: 0.0225
2023-01-01: 0.057
- threshold:
2021-01-01: 6_704
2022-01-01: 6_972
2023-01-01: 75_000
2024-01-01: .inf
rate:
2021-01-01: 0.0414
2023-01-01: 0.06
- threshold:
2021-01-01: 15_084
2022-01-01: 15_687
2023-01-01: .inf
rate:
2021-01-01: 0.0563
- threshold:
2021-01-01: 25_140
2022-01-01: 26_145
2023-01-01: .inf
rate:
2021-01-01: 0.0596
- threshold:
2021-01-01: 33_520
2022-01-01: 34_860
2023-01-01: .inf
rate:
2021-01-01: 0.0625
- threshold:
2021-01-01: 50_280
2022-01-01: 52_290
2023-01-01: .inf
rate:
2021-01-01: 0.0744
- threshold:
2021-01-01: 75_420
2022-01-01: 78_435
2023-01-01: .inf
rate:
2021-01-01: 0.0853
metadata:

@DTrim99 DTrim99 changed the title Iowa Income Tax Rates 2023-2026 Iowa Income Tax Rates 2023-2025 Oct 8, 2024
@PavelMakarchuk PavelMakarchuk self-assigned this Oct 14, 2024
PavelMakarchuk added a commit that referenced this issue Oct 14, 2024
@PavelMakarchuk
Iowa Income Tax Rates 2023-2025
1cdbafd 
Fixes #5185
@PavelMakarchuk PavelMakarchuk linked a pull request Oct 14, 2024 that will close this issue
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Iowa Income Tax Rates 2023-2025 PolicyEngine/policyengine-us
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@PavelMakarchuk @DTrim99