News briefs

WAVERLY — Alison Newton of Blairstown is one of 22 Wartburg College students recently inducted into the Phi Eta Sigma honor society.

Phi Eta Sigma is the oldest and largest freshman honor society. A student must achieve a cumulative grade-point average of at least 3.5 and be in the top 20% of their class by the end of the first year, the college said.

Kirkwood releases dean’s list

CEDAR RAPIDS — Kirkwood Community College has released its dean's list for the summer 2023 semester. These students have achieved a 3.3 grade-point average or higher after completing 12 or more credit hours at the college.

Among those are the list are Cora Halverson and Brooklyn Viall of Amana; Mary Fisher, Nikki Freese, Allison Hildebrand, of Brooklyn; Michael Morris, of Homestead; Cassidy Bodin and Lauren Ropp of Kalona; and Wyatt Asher, of Ladora.

Also Brayden Carden, Awnika Hall, Kristin Hansen and Taylor Long, of Marengo; Brianna Myers and Jaidyn Rugg of North English; Josh Huedepohl, of Parnell; Austin Tempus, of South Amana; Valerie Davis of South English; and Kaitlin Martin and Ashten VanWinkle of Wellman.

From Williamsburg, Becca Dachtler, Cale Fenton, Allison Garringer, Jessica Pennington, Kaiden Royster and Morgan Schropp made the list.

Department finalizes tax brackets

DES MOINES — The Iowa Department of Revenue has finalized individual income tax brackets for the 2024 tax year (applicable for taxes due in 2025) and the 2024 interest rate, which the agency charges for overdue payments.

Iowa law provides for the indexation of individual income tax brackets each year by applying inflation factors to the previous year’s levels.

Under current law, Iowa will phase down over the next two years to a single tax rate for all taxpayers; there will be two brackets in 2025 with a top rate of 4.82% and a single flat rate of 3.9% for all levels of income effective with tax year 2026.

According to the Iowa Department of Revenue, married taxpayers filing jointly with a taxable income less than $12,420 will pay no tax. People married and filing jointly with a taxable income of $12,420 to $62,00 will pay 4.82%, and couples with taxable income over $2,941 will pay 5.70%

Taxpayers other than married taxpayers filing jointly will pay nothing if they have taxable income less than $6,210; 4.82% if their taxable income is between $6,210 and $31,050; and 5.70% if their taxable income is more than $31,050.

Starting Jan. 1, the interest rate for overdue tax payments will be 10% annually.