State Treasurer of Iowa

State Treasurer of Iowa News: 2019 First Quarter Newsletter

My office recently announced that the Iowa income tax deduction has been raised for those saving with College Savings Iowa*. Iowa taxpayers can deduct the first $3,387 they contribute per beneficiary account from their state taxable income. This means a married couple with two children will be able to deduct...
While we are all yearning to see something green after record amounts of snow this winter, you don’t have to wait until St. Patrick’s Day. The Great Iowa Treasure Hunt might just add some green in the form of unclaimed property to your wallets. Throughout the year, I encourage all...
As state treasurer, one of my obligations is to report the outstanding debt obligations for state and local governments in Iowa. As of June 30, 2018, Iowa’s outstanding debt obligations totaled $16.3 billion. Overall, this represents an increase of 2.9% from last year, which is similar to the previous year’s...
January marked the two-year anniversary of Iowa’s Achieving a Better Life Experience program (ABLE). IAble is our newest savings program, offering people with disabilities and their families the ability to save and earn tax benefits at the same time. Additionally, eligible account owners can save for qualified disability expenses without...
In September 2016, I announced the addition of over 60,000 Des Moines-area properties to the Great Iowa Treasure Hunt. The additional properties represented over $11 million added from the City of Des Moines class action franchise tax lawsuit. The amounts range from $10 to over $300,000 and my office was...
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