Each year, residents of Iowa navigate the process of filing their state income taxes, often starting with the Iowa IA 1040 form. This document is a comprehensive tool used for reporting individual income for both the taxpayer and, if applicable, their spouse. From basic identification and Social Security numbers to intricate financial details across various income sources, the Iowa IA 1040 form covers a wide array of information to ensure accurate tax calculation. It allows filers to declare wages, interest income, dividends, and more while also considering deductions such as IRA contributions and health insurance premiums. Exemptions based on age, blindness, or dependents are also integral to the form, impacting the final tax obligations of the resident. Additionally, it includes provisions for adjustments based on federal tax circumstances and uniquely Iowa tax credits, underscoring the state's specific tax policy nuances. Filing status plays a pivotal role in how the form is completed, offering different options for married individuals to file jointly or separately, each with implications for their tax return outcome. The form also addresses tax payments made throughout the year, potential refunds, or amounts owed, including penalties for underpayment. Completing this form accurately is critical, as it ensures compliance with state tax laws, potentially maximizes refunds, and minimizes liabilities for Iowa residents.
| Question | Answer |
|---|---|
| Form Name | Iowa Form Ia 1040 |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | 1241001 1040 long form iowa 2012 |
2012 IA 1040 Iowa Individual Income Tax Form
or fiscal year beginning __/__ 2012 and ending __/__ /__
STEP 1: Fill in all spaces. You MUST fill in your Social Security Number (SSN).
Your last name |
Your first name/middle initial |
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Spouse’s last name |
Spouse’s first name/middle initial |
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Current mailing address (number and street, apartment, lot, or suite number) or PO Box |
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City, State, ZIP |
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Spouse SSN • |
Your SSN • |
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STEP 2 Filing Status: Mark one box only. |
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• |
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Check this box if you or your spouse were 65 or older as of 12/31/12. |
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1 |
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Single: Were you claimed as a dependent on another person’s Iowa return? |
YES |
NOs |
Residence on 12/31/12: County No. • |
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School District No. • |
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2 |
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Married filing a joint return. |
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Dependent children for whom an exemption is claimed in Step 3 |
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How many have health care coverage?(including Medicaid or |
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3 |
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Married filing separately on this combined return. Spouse use column B. |
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How many do not have health care coverage? |
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4 |
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Married filing separate returns. Spouse’s name: |
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SSN: |
sNet Income: $ |
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5 |
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Head of household with qualifying person. If qualifying person is not claimed as a dependent on this return, enter the person’s name and SSN below. |
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6 |
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Qualifying widow(er) with dependent child. |
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Name: |
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SSN: |
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STEP 3 Exemptions |
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B. Spouse (Filing Status 3 ONLY) |
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a. Personal Credit: Col. A: Enter 1 (enter 2 if filing status 2 or 5); Col. B: Enter 1 if filing status 3 |
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X $ 40 = $ |
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b. Enter 1 for each person who is 65 or older and/or 1 for each person who is blind |
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X $ 20 = $ |
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c. Dependents: Enter 1 for each dependent |
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X $ 40 = $ |
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d. Enter first names of dependents here: ____________________________________ |
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e. TOTAL $ |
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s
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A. You or Joint
X $ 40 = $
X $ 20 = $
X $ 40 = $
$
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B. Spouse/Status 3 |
A. You or Joint |
B. Spouse/Status 3 |
A. You or Joint |
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STEP 4 |
1. |
Wages, salaries, tips, etc |
1. |
______________ .00 |
______________ .00 |
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Gross |
2. |
Taxable interest income. If more than $1,500, complete Sch. B |
2. |
______________ .00 |
______________ .00 |
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Income |
3. |
Ordinary dividend income. If more than $1,500, complete Sch. B |
3. |
______________ .00 |
______________ .00 |
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4. |
Alimony received |
4. |
______________ .00 |
______________ .00 |
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5. |
..............Business income/(loss) from federal Schedule C or |
5. |
______________ .00 |
______________ .00 |
NOTE: Use only |
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6. |
Capital gain/(loss) from federal Sch. D if required for federal purposes . |
6. |
______________ .00 |
______________ .00 |
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blue or black ink, |
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7. |
Other gains/(losses) from federal form 4797 |
7. |
______________ .00 |
______________ .00 |
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no pencils or red ink. |
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8. |
Taxable IRA distributions |
8. |
______________ .00 |
______________ .00 |
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9. |
Taxable pensions and annuities |
9. |
______________ .00 |
______________ .00 |
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10. |
Rents, royalties, partnerships, estates, etc |
10. |
______________ .00 |
______________ .00 |
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11. |
Farm income/(loss) from federal Schedule F |
11. |
______________ .00 |
______________ .00 |
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12. |
Unemployment compensation. See instructions |
12. |
______________ .00 |
______________ .00 |
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13. |
Taxable Social Security benefits |
13. |
______________ .00 s ______________ .00 |
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14. |
Other income, gambling income, bonus depreciation/section 179 adjustment ... |
14. |
______________ .00 |
______________ .00 |
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15. |
GROSS INCOME. ADD lines |
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15. _______________ .00 s _______________ .00 |
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STEP 5 |
16. Payments to an IRA, Keogh, or SEP |
16. |
______________ .00 |
______________ .00 |
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Adjust- |
17. Deductible part of |
17. |
______________ .00 |
______________ .00 |
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ments |
18. |
Health insurance deduction |
18. |
______________ .00 |
______________ .00 |
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to |
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19. |
Penalty on early withdrawal of savings |
19. |
______________ .00 |
______________ .00 |
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Income |
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20. |
Alimony paid |
20. |
______________ .00 |
______________ .00 |
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21. |
Pension/retirement income exclusion |
21. |
______________ .00 s ______________ .00 |
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22. |
Moving expense deduction from federal form 3903 |
22. |
______________ .00 |
______________ .00 |
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23. |
Iowa capital gain deduction; certain sales ONLY (see instructions) |
23. |
______________ .00 s ______________ .00 |
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24. |
Other adjustments |
24. |
______________ .00 |
______________ .00 |
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25. |
Total adjustments. ADD lines |
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25. _______________ .00 s _______________ .00 |
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26. |
NET INCOME. SUBTRACT line 25 from line 15 |
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26. _______________ .00 s _______________ .00 |
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STEP 6 Federal Tax Addition and Deduc- tion
27. |
Federal income tax refund / overpayment received in 2012 |
27. |
______________ .00 s ______________ .00 |
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28. |
28. |
______________ .00 s ______________ .00 |
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29. |
Addition for federal taxes. ADD lines 27 and 28 |
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29. |
_______________ .00 |
_______________ .00 |
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30. |
Total. ADD lines 26 and 29 |
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30. |
_______________ .00 |
_______________ .00 |
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31. |
Federal tax withheld |
31. |
______________ .00 s ______________ .00 |
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32. |
Federal estimated tax payments made in 2012 |
32. |
______________ .00 s ______________ .00 |
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33. |
Additional federal tax paid in 2012 for 2011 and prior years |
33. |
______________ .00 s ______________ .00 |
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34. |
Deduction for federal taxes. ADD lines 31, 32, and 33 |
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34. |
_______________ .00 |
_______________ .00 |
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35. |
BALANCE. SUBTRACT line 34 from line 30. Enter here and on line 36, side 2 |
35. |
_______________ .00 s _______________ .00 |
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*1241001019999*
2012 IA 1040, page 2 |
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B. Spouse/Status 3 |
A. You or Joint |
B. Spouse/Status 3 |
A. You or Joint |
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STEP 7 |
36. |
BALANCE. From side 1, line 35 |
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36. |
_______________ .00 |
_______________ .00 |
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Taxable |
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37. Total itemized deductions from federal Schedule A |
37. |
______________ .00 |
______________ .00 |
} |
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Income |
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Taxpayers with bonus depreciation/section 179 must use Iowa Schedule A. |
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Complete lines |
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38. Iowa income tax if included in line 5 of federal Schedule A |
38. |
______________ .00 |
______________ .00 |
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ONLY if you itemize. |
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39. BALANCE. Subtract line 38 from line 37 or enter the |
39. |
______________ .00 |
______________ .00 |
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amount of itemized deductions from the Iowa Schedule A. |
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40. Other deductions |
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40. |
______________ .00 |
______________ .00 |
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41. |
Deduction. Check one box. s Itemized. Add lines 39 and 40. |
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Standard |
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41. |
_______________ .00 s _______________ .00 |
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42. |
TAXABLE INCOME. SUBTRACT line 41 from line 36 |
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42. |
_______________ .00 |
_______________ .00 |
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STEP 8 |
43. |
Tax from tables or alternate tax |
43. |
______________ .00 s ______________ .00 |
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Tax, |
44. |
Iowa |
44. |
______________ .00 s ______________ .00 |
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Credits |
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and |
45. |
Iowa minimum tax. Attach IA 6251 |
45. |
______________ .00 s ______________ .00 |
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Checkoff |
46. |
Total tax. ADD lines 43, 44, and 45 |
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46. |
_______________ .00 |
_______________ .00 |
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Contribu- 47. |
Total exemption credit amount(s) from Step 3, side 1 |
47. |
______________ .00 |
______________ .00 |
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tions |
48. |
Tuition and textbook credit for dependents |
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48. |
______________ .00 s ______________ .00 |
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49. |
Total credits. ADD lines 47 and 48 |
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49. |
_______________ .00 |
_______________ .00 |
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50. |
BALANCE. SUBTRACT line 49 from line 46. If less than zero, enter zero |
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50. |
_______________ .00 s _______________ .00 |
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51. |
Credit for nonresident or |
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51. |
_______________ .00 s _______________ .00 |
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52. |
BALANCE. SUBTRACT line 51 from 50. If less than or equal to zero, enter zero |
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52. |
_______________ .00 |
_______________ .00 |
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53. |
Other nonrefundable Iowa credits. Attach IA 148 Tax Credits Schedule |
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53. |
_______________ .00 s _______________ .00 |
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54. |
BALANCE. SUBTRACT line 53 from line 52 |
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54. |
_______________ .00 |
_______________ .00 |
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55. |
School district surtax/EMS surtax. Take percentage from table; multiply by line 54. |
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55. |
_______________ .00 s _______________ .00 |
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56. |
Total Tax. ADD lines 54 and 55 |
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56. |
_______________ .00 s _______________ .00 |
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57. |
Total tax before contributions. ADD columns A & B on line 56 and enter here |
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57. |
_______________ .00 |
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58. |
Contributions. Contributions will reduce your refund or add to the amount you owe. Amounts must be in whole dollars. |
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Fish/Wildlife 58a: s |
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StateFair 58b: s |
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Firefighters/Veterans 58c: s |
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Child Abuse Prevention 58d: s |
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Enter total. . |
58. |
_______________ .00 |
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59. |
TOTAL TAX AND CONTRIBUTIONS. ADD lines 57 and 58 |
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59. |
_______________ .00 |
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STEP 9 Credits
60. |
Iowa income tax withheld |
60. |
______________ .00 s ______________ .00 |
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61. |
Estimated and voucher payments made for tax year 2012 |
61. |
______________ .00 s ______________ .00 |
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62. |
62. |
______________ .00 s ______________ .00 |
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63. |
Motor fuel tax credit. Attach IA 4136 |
63. |
______________ .00 s ______________ .00 |
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64. |
Check One: |
Child and dependent care credit OR |
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Early childhood development credit |
64. |
______________ .00 s ______________ .00 |
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65. |
Iowa earned income tax credit. See Instructions |
65. |
______________ .00 s ______________ .00 |
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66. |
Other refundable credits. Attach IA 148 Tax Credits Schedule |
66. |
______________ .00 s ______________ .00 |
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67. |
TOTAL. ADD lines 60 - 66 |
67. |
______________ .00 |
______________ .00 |
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68. |
TOTAL CREDITS. ADD columns A and B on line 67 and enter here |
68. _______________ .00 |
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STEP 10 Refund or Amount You Owe
69. |
If line 68 is more than line 59, SUBTRACT line 59 from line 68. This is the amount you overpaid |
69. s _______________ .00 |
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70. |
Amount of line 69 to be REFUNDED |
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REFUND |
70. s _______________ .00 |
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For a faster refund file electronically. Go to www.iowa.gov/tax for details or mail return to |
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Iowa Income Tax - Refund Processing, Hoover State Office Bldg, Des Moines IA |
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71. |
Amount of line 69 to be applied to your 2013 estimated tax |
71. ______________ .00 s ______________ .00 |
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72. |
If line 68 is less than line 59, SUBTRACT line 68 from line 59. This is the AMOUNT OF TAX YOU OWE |
72. s _______________ .00 |
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73. |
Penalty for underpayment of estimated tax from IA 2210 or IA 2210F s |
Check if annualized income method is used |
73. s _______________ .00 |
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74. |
Penalty and interest |
74a. Penalty ______________ .00 s 74b. Interest _______________ |
.00 s ADD Enter total 74. _______________ .00 |
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75. |
TOTAL AMOUNT DUE. ADD lines 72, 73, and 74, and enter here. |
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PAY THIS AMOUNT |
75. s _______________ .00 |
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You can pay online at www.iowa.gov/tax or pay by mail to Iowa Income Tax - Document Processing, |
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PO Box 9187, Des Moines IA |
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STEP 11 POLITICAL CHECKOFF. This checkoff does not increase the
amount of tax you owe or decrease your refund.
s SPOUSE:
$1.50 to Republican Party |
$1.50 to Republican Party |
$1.50 to Democratic Party sYOURSELF: |
$1.50 to Democratic Party |
$1.50 to Campaign Fund |
$1.50 to Campaign Fund |
STEP 12
PLEASE
I (We), the undersigned, declare under penalty of perjury that I (we) have examined this return, including all accompanying schedules and statements, and, to the best of my (our) knowledge and belief, it is a true, correct, and complete return. Declaration of preparer (other than taxpayer) is based on all information of which the preparer has any knowledge.
SIGN HERE |
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Your Signature |
Date |
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Check if Deceased |
Date of |
Death |
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Preparer’s Signature |
Date |
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SIGN HERE |
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Spouse’s Signature |
Date |
Check if Deceased |
Date of |
Death |
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Preparer’s PTIN |
Firm’s FEIN |
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*1241001029999* |
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Daytime Telephone Number |
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Daytime Telephone Number |
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This return is due April 30, 2013. Please sign, enclose |
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MAILING ADDRESSES: See lines 70 and 75 above. |
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