Iowa State Tax 2024. Property tax rollback rate increases. Use our income tax calculator to find out what your take home pay will be in iowa for the tax year.

The state of iowa will end fiscal year 2024 with a balance of $2.05 billion in the general fund, $961.2 million in reserve funds and $3.75 billion in the taxpayer relief fund. In 2023, iowa will have four income tax brackets — and which bracket you fall into will affect when your tax rate will lower to 3.9%.