Iowa Free Printable IA 104 Itemized deductions worksheet, 41-104 for 2017 Iowa Itemized Deduction Worksheet

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Itemized Deduction Worksheet
IA 104 Itemized deductions worksheet, 41-104

2016 IA 104 Iowa Itemized Deductions Worksheet https://tax.iowa.gov Use only if your federal AGI, plus bonus depreciation/section 179 adjustment from the IA 1040, line 14, is more than: $311,300 for qualifying widow(er) or married filing jointly; $285,350 for head of household; $259,400 for single filers; or $155,650 for married filing separately, on your federal return. This worksheet computes the amount of itemized deductions to enter on line 26 of the IA Schedule A. Step 1 Complete the IA Schedule A, lines 1-25. Step 2 Re-compute the federal Itemized Deduction Worksheet: 1. Enter the sum of lines 3, 8, 13, 17, 18, 24, and 25 from the IA Schedule A .................1. 2. Enter any Iowa income tax from line 5 of the federal Schedule A. Do not include school district/EMS surtax. ...........................................................................................2. 3. Add amounts from lines 1 and 2. ..................................................................................3. 4. Add the amounts on Iowa Schedule A, lines 3, 12, 18, plus gambling losses and casualty or theft losses included on line 25 and enter here. .........................................4. 5. Is the amount on line 4 less than the amount on line 3?  No. Stop! Your deduction is not limited. You do not need to complete the rest of this form. Enter the amount from line 1 above on the IA Schedule A, line 26.  Yes. Subtract line 4 from line 3. ..............................................................................5. 6. Multiply line 5 by 80% (.80) ..........................................................................................6. 7. Enter amount from federal 1040, line 38, plus any bonus depreciation/section 179 adjustment and all other decoupling from line 14 of the IA 1040 ..................................7. 8. Enter: $311,300 if qualifying widow(er)/married filing jointly; $285,350 if head of household; $259,400 if single; $155,650 if married filing separately for federal purposes. ..................................................................................................................... 8. 9. Is the amount on line 8 less than line 7?  No. Stop! Your deduction is not limited. You do not need to complete the rest of this form. Enter the amount from line 1 above on IA Schedule A, line 26.  Yes. Subtract line 8 from line 7 ...............................................................................9. 10. Multiply line 9 by 3% (.03) ..........................................................................................10. 11. Enter the smaller of line 6 or line 10 ...........................................................................11. 12. Total adjusted federal itemized deductions. Subtract line 11 from line 3 and enter on Step 3, line 1 below ...............................................................................................12. Step 3 Complete the IA 104: 1. 2. 3. 4. 5. 6. 7. 8. 9. Enter the revised allowable federal itemized deductions from Step 2, line 12 ..............1. Enter the amount from Step 2, line 4............................................................................2. Subtract line 2 from line 1 ............................................................................................3. Enter the amount from Step 2, line 3 ............................................................................4. Subtract line 2 from line 4 ............................................................................................5. Divide line 3 by line 5 and enter the percentage here ..................................................6. Enter the amount from Step 2, line 2 ............................................................................7. Multiply line 7 by the percent on line 6 .........................................................................8. Subtract line 8 from line 1. Enter this amount on line 26 of the IA Schedule A ............9. % Keep this worksheet with your tax records. 41-104 (05/13/16)
Extracted from PDF file 2016-iowa-ia-104-wkst.pdf, last modified July 2016

More about the Iowa IA 104-Wkst Corporate Income Tax TY 2016

We last updated the Itemized Deduction Worksheet in May 2017, so this is the latest version of IA 104-Wkst, fully updated for tax year 2016. You can download or print current or past-year PDFs of IA 104-Wkst directly from TaxFormFinder. You can print other Iowa tax forms here.

Other Iowa Corporate Income Tax Forms:

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 1120 Iowa Corporation Income Tax Return
Form IA 130 Out-of-State Tax Credit 41-130
Form IA 147 Franchise Tax Credit 41-147
Form IA 4136 Computation of Iowa Motor Fuel Tax Credit 41-036
Form IA 128 Iowa Research Activities Credit 41-128

Download all IA tax forms 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 IA 104-Wkst from the Department of Revenue in May 2017.

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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 IA 104-Wkst

We have a total of two past-year versions of IA 104-Wkst in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 IA 104-Wkst

IA 104 Itemized deductions worksheet, 41-104

Itemized Deduction Worksheet 41-104 2015 IA 104-Wkst

IA 104 Itemized deductions worksheet, 41-104


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