#Medical expenses tax deduction 2017 plus#

State sales and use tax is not currently available for 2017 as an itemized deduction on the Iowa Schedule A. You cannot deduct taxes you paid for someone else.

You cannot deduct Social Security, Medicare, federal unemployment (FUTA), or railroad retirement (RRTA) taxes. Note: If you received in 2017 a refund of previously deducted state and local taxes, you must add the refund back as other income, line 14 of the IA 1040. Taxes withheld or paid to other states, or local taxing authorities are included. The School District Surtax and the Emergency Medical Services Surtax are deductible on the Iowa return.

Iowa state income tax is not deductible on the Iowa return.

Line 4: Enter other state and local income taxes as allowed on federal Schedule A. Enter the result, or if less than zero, enter zero. These include medical and dental expenses that exceed 10% of federal adjusted gross income.

#Medical expenses tax deduction 2017 plus#

The federal adjusted gross income used to determine these deductions is the taxpayer’s federal adjusted gross income plus any bonus depreciation and section 179 adjustments from line 14 of the Iowa 1040 and all other Iowa net income decoupling.Įnter the result, or if less than zero, enter zero.Ĭertain itemized deductions are allowed only to the extent that the deductions exceed a percentage of federal adjusted gross income. Line 2: Multiply the amount on federal form 1040, line 38 (federal 1040A, line 21 or 1040EZ, line 4) by 10% (.10). The Iowa expanded instructions for lines 14 and 18 of the IA 1040 set forth the Department’s guidance for the correct reporting of these amounts. However, if the deduction is taken on line 18 of the IA 1040, then the IA 1040, rather than the Iowa Schedule A, must reflect the impact of the federal excess advance premium tax credit repayment and the net premium tax credit. If the health insurance deduction is taken on the Iowa Schedule A, then the federal tax guidance should be followed when addressing the complications due to the impact of the federal excess advance premium tax credit repayment and the net premium tax credit. The Iowa return allows a deduction for health insurance premiums on line 18 of the IA 1040, rather than reporting those same premiums as a medical expense deduction on the Iowa Schedule A for Iowa Itemized Deductions. The Iowa 1040 departs from the federal 1040 in the treatment of health insurance premiums by allowing taxpayers to elect to deduct qualifying health insurance premiums as an adjustment to Iowa gross income. If health insurance premiums were used as a deduction on line 18 of the IA 1040, they cannot be used on the Iowa Schedule A. It may be to your advantage to take this deduction on line 18 of the IA 1040 instead of the Iowa Schedule A. 100% of the amount paid for health insurance premiums is deductible on line 18 of the IA 1040. Line 1: Enter medical and dental expenses as allowed on federal Schedule A, less the amount reported as health insurance on line 18 of the IA 1040. To complete the Iowa Schedule A (pdf), refer to the federal 1040 instruction booklet. However, additional line instructions follow regarding Iowa Schedule A exceptions. You may only take deductions that you paid in the tax year. Expenses incurred but not yet paid are deducted in the year they are paid. Iowa follows federal guidelines for Schedule A itemized deductions with certain exceptions. The federal Schedule A cannot be used with the Iowa return. Include your Iowa Schedule A with your return. If you itemize, complete the Iowa Schedule A, check the itemized box on line 37 and enter your total itemized deduction. If you use the Iowa standard deduction check the standard box on line 37 and enter your standard deduction. You may itemize deductions on your Iowa return even if you did not itemize deductions on your federal return. You may itemize deductions or claim the Iowa standard deduction.