Iowa Tuition and Textbook Credit
Who can claim the Iowa tuition and textbook credit?
For tax year 2021 and later, the tuition and textbook tax credit has increased to 25% of the first $2,000 paid for tuition and textbooks for each qualifying dependent. Qualifying payments for tuition and textbook include certain expenses incurred for dependents who are receiving private instruction.Dependents must have attended a school in Iowa that is accredited under section 256.11, not operated for a profit, and adheres to the provisions of the U.S. Civil Rights Act of 1964. If expenses qualify for both the tuition and textbook credit and 529 Plan, taxpayers may claim both.
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