IA 130 — Iowa Out-of-State Tax Credit Schedule (with instructions)

Name

Social Security Number (SSN)

Name of state or other jurisdiction that taxed income also taxed by Iowa:

2025 IA 130

Iowa Out-of-State Tax Credit Schedule
Other Jurisdiction

# Part I: Iowa Source Income Taxed by Another State or Jurisdiction Enter Dollars and Cents

 1
Wages, salaries, tips, etc. See instructions regarding IA/IL Reciprocal Agreement … 1.
 2
Taxable interest income …
2.
 3
Ordinary dividend income …
3.
 4
Taxable alimony received …
4.
 5
Business income or (loss) …
5.
 6
Capital gain or (loss) …
6.
 7
Other gains or (losses) …
7.
 8
Rents, royalties, partnerships, estates, etc …
8.
 9
Farm income or (loss) …
9.
10.
 10
Unemployment compensation …
 11
Gambling winnings …
11.
 12
Other income, bonus depreciation, and section 179 adjustment …
12.
 13
Iowa gross income taxed by another jurisdiction. Add lines 1-12 … 13.

# Part II: Calculation of Credit

 14
Federal total income from IA 1040, line 1a …
14.
Iowa modifications to federal total income from IA 1040, Schedule 1, line 13, 15.
 15 less federal net operating loss from IA 1040, Schedule 1, line 10 …  16 Total Iowa income. Add lines 14 and 15 (or IA 126, line 13 for part-year residents) … 16.
Divide line 13 by line 16 and enter the percentage rounded to the nearest

1. ten-thousandth of a percent (e.g. 12.3456%). Do not exceed 100.0% …  17 %  18 Amount from IA 1040, line 14 … 18.

 19
Multiply line 18 by the percentage on line 17 …
19.
Enter the income tax imposed by the other state or jurisdiction

1. and paid by you on income included on line 13. See instructions … 00  20 Enter the income tax imposed by the other state or jurisdiction
2. and paid by your pass-through entity or mutual fund on income  21 included on line 13. See instructions …  22 Enter the sum of lines 20 and 21 … 22.

Name

Full-Year Residents (part-year residents skip)
2025 IA 130, page 2
SSN


Enter Dollars and Cents
Enter the smaller of lines 19 or 22 and enter this amount on IA 1040, line 15.

1. 00

 23
This is your Out-of-State Tax Credit …
Part-Year Residents
 24
Enter the total amount of gross income taxed by the other state or jurisdiction … 24.
Divide line 13 by line 24 and round to the nearest ten-thousandth of a 25.
 25 % percent (e.g. 12.3456%). Do not exceed 100.0% …
 26
Multiply line 22 by the percentage on line 25 …
26.
Enter the smaller of lines 19 or 26 and enter this amount on IA 1040, line 15.
27.
 27
This is your Out-of-State Tax Credit …
Include this form with your return.