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Iowa Out-of-State Tax Credit 41-130
with TurboTaxExtracted from PDF file 2023-iowa-form-ia-130.pdf, last modified February 2023Out-of-State Tax Credit 41-130
2023 IA 130 Iowa Out-of-State Tax Credit Schedule tax.iowa.gov Name Social Security Number (SSN) Name of state or other jurisdiction that taxed income also taxed by Iowa: Other Jurisdiction Enter Dollars and Cents Part I: Iowa Source Income Taxed by Another State or Jurisdiction 1. Wages, salaries, tips, etc. See instructions regarding IA/IL Reciprocal Agreement.......................... 2. Taxable interest income..................................................................................................................... 3. Ordinary dividend income.................................................................................................................. 4. Taxable alimony received.................................................................................................................. 5. Business income or (loss)................................................................................................................. 6. Capital gain or (loss)......................................................................................................................... 7. Other gains or (losses)...................................................................................................................... 8. Rents, royalties, partnerships, estates, etc....................................................................................... 9. Farm income or (loss)....................................................................................................................... 10. Unemployment compensation........................................................................................................... 11. Gambling winnings............................................................................................................................ 12. Other income, bonus depreciation, and section 179 adjustment...................................................... 13. Iowa gross income taxed by another jurisdiction. Add lines 1-12...................................................... 1 00 2 00 3 00 4 00 5 00 6 00 7 00 8 00 9 00 10 00 11 00 12 00 13 00 14 00 15 00 16 00 Part II: Calculation of Credit 14. Federal total income from IA 1040, line 1.......................................................................................... 15. Iowa modifications to federal total income from IA Schedule 1, line 13............................................ 16. Total Iowa income. Add lines 14 and 15............................................................................................ 17. Divide line 13 by line 16 and enter the percentage rounded to the nearest ten-thousandth of a percent (e.g. 12.3456%). Do not exceed 100.0%............................................. 18. Amount from IA 1040, line 14............................................................................................................ 19. Multiply line 18 by the percentage on line 17.................................................................................... 20. Enter the income tax imposed by the other state or jurisdiction and paid by you on income included on line 13. (see expanded instructions).................................. 21. Enter the income tax imposed by the other state or jurisdiction and paid by your pass-through entity or mutual fund on income included on line 13 (see expanded instructions)............................................................................... 22. Enter the sum of lines 20 and 21....................................................................................................... 41-130a (08/16/2023) 17 % 18 00 19 00 20 00 21 00 22 00 2023 IA 130, page 2 Name SSN Enter Dollars and Cents Full-Year Residents (part-year residents skip) 23. Enter the smaller of lines 19 or 22 and enter this amount on IA 1040, line 15. This is your Out-of-State Tax Credit.................................................................................................. 23 00 24 00 25 % 26 00 27 00 Part-Year Residents 24. Enter the total amount of gross income taxed by the other state or jurisdiction................................ 25. Divide line 13 by line 24 and round to the nearest ten-thousandth of a percent (e.g. 12.3456%). Do not exceed 100.0%............................................................................. 26. Multiply line 22 by the percentage on line 25.................................................................................... 27. Enter the smaller of lines 19 or 26 and enter this amount on IA 1040, line 15. This is your Out-of-State Tax Credit.................................................................................................. Include this form with your return. 41-130b (08/16/2023)
IA 130 (41-130)
More about the Iowa Form IA 130 Corporate Income Tax Tax Credit TY 2023
Form IA 130 requires you to list multiple forms of income, such as wages, interest, or alimony .
We last updated the Out-of-State Tax Credit 41-130 in February 2024, so this is the latest version of Form IA 130, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IA 130 directly from TaxFormFinder. You can print other Iowa tax forms here.
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TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IA 148 | Tax Credits Schedule 41-148 |
| Form IA 1120S Shhedule K-1 | Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications |
| Form IA 1041V | Iowa Fiduciary Income Tax Payment Voucher |
| Form IA 1065 | Iowa Partnership Return of Income 41-016 |
| Form IA 1041 | Fiduciary Return 63-001 |
View all 44 Iowa Income Tax Forms
Form Sources:
Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 130 from the Department of Revenue in February 2024.
Form IA 130 is an Iowa Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Iowa Form IA 130
We have a total of twelve past-year versions of Form IA 130 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IA 130
IA 130 (41-130)
2022 Form IA 130
IA 130 Out of State Tax Credit (41-130)
2021 Form IA 130
IA 130 Out of State Tax Credit (41-130)
2020 Form IA 130
IA 130 Out of State Tax Credit (41-130)
2019 Form IA 130
IA 130 Out-of-State Tax Credit Schedule, 41-130
2018 Form IA 130
IA 130 Out of State Tax Credit, 41130
2017 Form IA 130
IA 130 Out of State Tax Credit
2016 Form IA 130
IA 130 Out of State Tax Credit
2015 Form IA 130
2014 IA 130, Iowa Out-of-State Credit Computation
2014 Form IA 130
2014 IA 130, Iowa Out-of-State Credit Computation
2013 Form IA 130
Iowa IA130 out-of-state credit for income tax
2012 Form IA 130
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