Expert guides about financial in Iowa from Brevy Care.
Iowa has three property-tax breaks stacked on top of each other for homeowners 65 and older, and most people only know about one.
There is no Iowa inheritance tax to worry about anymore. The state repealed it, and for any death in 2025 or later, heirs receive their inheritance free of any Iowa death tax.
As of 2023, Iowa excludes retirement income from state tax for eligible taxpayers, and being 55 or older is only one of four ways to qualify.