IA 2440 Disability Income Exclusion, 41-127 - tax.iowa.gov-2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your information in the designated fields, including your name, Social Security number, date of birth, and retirement date. Repeat this for your spouse if applicable.
3. In Section 1, input the total disability income received during the tax year. Ensure accuracy as this will affect your exclusion calculation.
4. Proceed to Section 2 to calculate your exclusion. Follow the instructions carefully: multiply $100 by the number of weeks you received $100 or more in disability payments and enter that amount.
5. Complete lines 2b and 2c based on any weeks where you received less than $100 or partial payments. Add these amounts together for line 2d.
6. For line 3, sum up the totals from column A and B. Then move to line 4 to determine your federal adjusted gross income from form 1040.
7. Finally, subtract line 4c from line 3 for your final exclusion amount and ensure all necessary signatures are included before submission.

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