Federal income tax refund worksheet - Iowa 1040

Forum|Forum|4 years ago
January 26, 2022
1 reply
17 views

In the Iowa return, Federal Income Tax Refund worksheet, Line A asks for amount of fed refund received previous year. This amount does not carry to line 27 IA 1040. Does anyone know the purpose of this worksheet? Or do we simply enter this refund directly on the t wants to net out the fed stimulus received if refund exceeds that amount.

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Best answer by tihle

It seems as though the Iowa worksheet is automatically subtracting $1400 from the Federal Tax refund for the stimulus. I would think you would only do this is the taxpayer received stimulus included in their refund for last year. Anyone else seeing this?

IRonMaN

Level 15

The purpose is, you get a deduction for federal taxes paid. So when you get a federal refund, you need to reflect that fact the following year.

Slava Ukraini!

M

mhamm30Author

Level 3

Thanks IronMan. I understand that, and we can enter that fed refund directly on the IA 1040. My question is the purpose of the worksheet, if this amount entered on the worksheet does not carry to line 27 on the IA return. The worksheet includes not only the fed refund but EIC and fed stimulus. There has to be a reason they created the worksheet....

IRonMaN

Level 15

Sorry, it's been awhile since I prepared an Iowa return. Somebody from that side of the tracks is going to have to help you with that one.

Slava Ukraini!

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