What are the Personal Exemption Rates for Iowa State for the Tax Year 2008?
Iowa State's does not allow Personal Exemption deductions, however, it does provide a Tax Credit to its Taxpayers based upon their individual filing Status. The current tax credits available to taxpayers for the tax year 2008 are as follows;
1. For Single Taxpayers - $40.
2. For Married Taxpayers- $80.
3. For Each Child - $40.