Iowa HF958 creates a premarital counseling tax credit against individual income tax, up to $500.

Iowa HF958 introduces a premarital counseling tax credit, reducing individual income tax by the cost of premarital counseling, up to $500. This credit applies to individuals, partnerships, limited liability companies, S corporations, estates, and trusts. Any unused credit can be carried over to the next tax year. The bill is retroactively applicable to tax years beginning on or after January 1, 2025.

Iowa HF958 creates a premarital counseling tax credit against individual income tax, up to $500.

Iowa HF958 introduces a premarital counseling tax credit, reducing individual income tax by the cost of premarital counseling, up to $500. This credit applies to individuals, partnerships, limited liability companies, S corporations, estates, and trusts. Any unused credit can be carried over to the next tax year. The bill is retroactively applicable to tax years beginning on or after January 1, 2025.