Iowa HF1024 excludes overtime pay from individual income tax starting from tax years beginning on or after January 1, 2026.
Iowa HF1024 amends Section 422.7, Code 2025, to exclude from the individual income tax the portion of compensation earned at not less than one and one-half times the regular rate, as authorized by 29 U.S.C. Section 207. This change applies to tax years beginning on or after January 1, 2026.
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