Did you know that 88% of Iowans filed their income tax returns electronically last year? Filing electronically or “e-filing” is easy, safe, and decreases the time it takes to receive your refund. Those individuals who are 25 or younger, 65 or older, or in the military may qualify to efile for free. For more information, visit www.iowa.gov/tax
The Iowa Public Employee Retirement System (IPERS) website offers a convenient feature called “My Account” which offers individualized information about your IPERS benefits. This feature allows you to view a record of contributions, keep your contact information up-to-date, estimate your benefits, and update beneficiary information. For more information, visit www.ipers.org
It now appears that an extension of the current reduction in Social Security tax will not go beyond December of 2012. Please let this serve as yet another reminder that beginning with your January 2013 paycheck, your actual “take home” pay will be 2% less.
Finally, if you have an opportunity, please wish Dennis Scudder well as he completes his final month with the agency before retiring. Dennis has served as the helm of AEA finances since 1974, as one of the original employees of the system. He has done an outstanding job as a steward of public resources and in guiding the financial decisions of the agency.