Taxes in Iowa just got less expensive. Iowa’s income taxes switched from a graduated income tax to a flat rate income tax rate model as of January 1, 2025, making the state one of the most tax-friendly states in the midwest for high income earners. In fact, Iowa now has the sixth lowest income tax rate in the nation of states that levy income taxes. Does this tax change mean all Iowans are going to see more money in their pockets? What kind of tax relief might you expect to see? Is this move a positive change for Iowa? Watch to find out more!
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