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Iowa tax cuts could save families money

Typical family of four could see an extra $7 on paychecks

Posted: May 14, 2018 8:29 PM

MASON CITY, Iowa - Iowans could soon see more money back into their paychecks.

A tax cut bill that is estimated to save $2.8 billion in income taxes is currently awaiting Governor Kim Reynolds' signature.

For a typical family of four, an estimated $7 would be saved through these cuts, and middle-class families could see anywhere between $86 and $257 in cuts by next year.

For Des Moines resident Brenda Shelton, the extra money coming back will help with her two sons' college educations, as well as 401K plans.

"It would be helpful for any of that, helpful for any monthly expenses, college coming up...," Shelton says.

Despite a seemingly low return amount, Shelton says it's worth it in the long run.

"I think it is fabulous, for everyone in Iowa, and any surrounding state that would do so. A dollar's a dollar and everything helps," Shelton adds.

Some of the cuts will take effect next year, though some benefits like allowing teachers to deduct classroom expenses will start sooner. However, because of the cuts, the state's budget will shrink by 4% by 2021.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 25208

Reported Deaths: 1060
CountyConfirmedDeaths
Hennepin8514616
Ramsey3075128
Stearns203013
Nobles15445
Anoka142970
Dakota134957
Washington64532
Olmsted63410
Kandiyohi4971
Rice4622
Scott4362
Clay42728
Mower3452
Wright3202
Todd3190
Sherburne2462
Carver2182
Benton1783
Steele1600
Blue Earth1420
Martin1325
Freeborn1250
St. Louis11814
Pine890
Unassigned8810
Nicollet8810
Winona8015
Cottonwood760
Watonwan750
Carlton750
Crow Wing712
Otter Tail700
Goodhue683
Chisago621
Polk612
Lyon570
Itasca5510
Dodge530
Chippewa511
Morrison470
Meeker450
Douglas440
Le Sueur441
Becker400
Murray390
Jackson390
McLeod370
Isanti350
Waseca260
Rock220
Swift190
Mille Lacs191
Pennington190
Faribault190
Wabasha180
Fillmore171
Sibley160
Brown162
Beltrami150
Cass142
Norman130
Marshall120
Pipestone120
Kanabec111
Wilkin113
Wadena100
Koochiching90
Pope90
Aitkin80
Mahnomen61
Yellow Medicine60
Big Stone60
Lincoln50
Redwood50
Renville50
Red Lake40
Grant40
Lac qui Parle30
Clearwater30
Traverse30
Houston20
Hubbard20
Roseau20
Lake10
Kittson10
Stevens10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 19669

Reported Deaths: 555
CountyConfirmedDeaths
Polk4236133
Woodbury276136
Black Hawk174745
Linn95379
Dallas91623
Marshall89616
Buena Vista8100
Johnson6149
Wapello59712
Muscatine55741
Crawford5282
Tama40327
Scott36110
Dubuque34619
Louisa34511
Sioux2830
Pottawattamie2698
Jasper26017
Washington1898
Wright1780
Warren1350
Plymouth1332
Allamakee1204
Story1161
Mahaska9510
Poweshiek908
Henry711
Bremer696
Des Moines651
Boone650
Clinton641
Taylor560
Clarke560
Guthrie513
Cedar481
Benton431
Hamilton430
Webster421
Monroe385
Shelby370
Jones360
Clayton343
Osceola340
Buchanan330
Iowa330
Marion320
Cherokee310
Jefferson300
Cerro Gordo291
Madison292
Lee270
Fayette270
Monona250
Winneshiek240
Lyon240
Davis230
Harrison230
Dickinson210
Sac200
Grundy200
Mills190
Floyd191
Humboldt181
Clay170
Delaware171
Hardin170
Butler171
Lucas170
Emmet160
Hancock160
Appanoose143
Ida140
Page140
Franklin140
Keokuk140
Pocahontas130
Greene130
Howard120
Cass120
Audubon121
Jackson120
Carroll110
Winnebago110
Chickasaw100
Kossuth100
Adair90
Van Buren90
Union90
Montgomery80
Adams70
Palo Alto70
Fremont40
Ringgold40
Mitchell40
Worth30
Calhoun20
Wayne10
Decatur10
Unassigned10
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