Iowa HF2525 creates tax deductions for veterinarians for rural loan repayments and student loan interest.

Iowa HF2525 introduces two tax deductions for veterinarians. The first deduction allows for income from rural veterinarian loan repayments, up to $15,000 per tax year and $60,000 in total, but not exceeding the outstanding loan amount. The second deduction permits the full amount of interest paid on student loans for veterinary school attendance, provided the veterinarian practiced in Iowa during the tax year. The bill applies retroactively to tax years beginning on or after January 1, 2026.

Iowa HF2525 creates tax deductions for veterinarians for rural loan repayments and student loan interest.

Iowa HF2525 introduces two tax deductions for veterinarians. The first deduction allows for income from rural veterinarian loan repayments, up to $15,000 per tax year and $60,000 in total, but not exceeding the outstanding loan amount. The second deduction permits the full amount of interest paid on student loans for veterinary school attendance, provided the veterinarian practiced in Iowa during the tax year. The bill applies retroactively to tax years beginning on or after January 1, 2026.