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us-ia/guidance/revenue/individual-income-tax/ia-1040-schedule-1 — IA 1040 Expanded Instructions, IA 1040 Schedule 1 (instruction year 2025) · Axiom
Axiom
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Iowa
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Guidance
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Revenue
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Individual Income Tax
IA 1040 Expanded Instructions, IA 1040 Schedule 1 (instruction year 2025)
58 sections
Topics:
Column A: Enter interest from state and municipal securities, to the extent not already included in federal taxable interest on the IA 1040, line 2, unless specifically exempt from Iowa tax.
Column B: Enter interest received from federal securities (for example, U.S. Savings Bonds, U.S. Treasury Notes), to the extent included on the IA 1040, line 2. Do not include interest from repurchase agreements of U.S. Government securities.
The following are not considered federal securities and are taxable and should not be included in Column B:
Line 2: Dividends
Line 3: Partnership, S Corporation, or Fiduciary Modifications
Line 4: Military Retirement Income
Line 6: Active Duty Military Pay
Line 7: IRA/Pension/Railroad Retirement Income
Line 8: Railroad Unemployment Income
Line 9: Bonus Depreciation/Section 179 Expenses
Line 10: Federal Net Operating Loss prior to 1/1/23
Line 11: Other Income
a. Babysitting income
d. Iowa 529 College Savings Plan or Iowa Advisor 529 Plan (Non-qualifying withdrawals/cancellations)
h. First-time Home Buyers Account Non-Qualifying Withdrawals
n. Net Premium Tax Credit
o. Iowa ABLE Savings Plan
x. Other Nonconformity Adjustments
y. IA 163 Interest Expenses Adjustment
aa. Premium Pay Payments
bb. Other Income
dd. Iowa Tax Credit Adjustments
Line 12: Total modifications to federal total income
Line 13: Net modifications to federal total income
Line 14: Iowa 529 or Iowa Advisor 529 College Savings Plan (Contributions)
Line 15: Health Insurance Deduction
Federal Health Insurance Credits
Line 16: Capital Gains Deduction
Line 17: Iowa Net Operating Loss (NOL) prior to 1/1/23
Line 18: Farm Tenancy Income Exclusion
Line 19: Other Adjustments
a. Accrual method
f. Claim of Right Deduction
g. RESERVED FOR FUTURE USE
h. Disability income exclusion
j. First-Time Homebuyer Savings Account qualifying contributions
p. Contributions to injured veterans program
q. Grants from injured veterans program
r. In-home health care
s. Iowa Veterans Trust Fund
t. Military exemptions
v. Organ transplant expenses
w. Biodiesel Production Refund
x. Segal AmeriCorps Education Award Payments
aa. Victim compensation awards
bb. Wages paid to certain individuals (ex-offenders & disabled)
dd. Other federal adjustments (IA 126 only)
ee. Educator expenses
gg. Nonresident Electric Utility Worker Training and Emergency Response Work Reciprocity
hh. Rapid Response to State Disasters
ii. Iowa ABLE (Achieving a Better Life Experience) Savings Plan Trust
kk. Broadband Infrastructure Grant
nn. Education Savings Account
oo. RESERVED FOR FUTURE USE
pp. Student Loan Repayments by Employers
Line 20: Net modifications to federal taxable income
Line 21: Net Iowa Modifications
