In the present work, we studied 27 FeH+ and 6 FeH2+ electronic states using multireference configuration interaction (MRCI), Davidson-corrected MRCI (MRCI+Q), and coupled cluster singles doubles and perturbative triples [CCSD(T)] wavefunction theory (WFT) calculations conjoined with large quadruple-ζ and quintuple-ζ quality correlation consistent basis sets. We report their potential energy curves (PEC), energy related properties, spectroscopic parameters, and spin-orbit couplings. Dipole moment curves (DMC) and transition dipole moment curves (TDMC) of several low-lying electronic states of FeH+ and FeH2+ are also introduced. The ground state of FeH+ is a single-reference X5Δ (6σ27σ13π21δ3) with an adiabatic D0 of ∼52 kcal mol-1, which is in agreement with the experimental value. The states with the largest adiabatic binding energies of FeH2+ (4Π and 4Δ) are multireference in nature with an approximate D0 of 22 kcal mol-1. We used CCSD(T) μ of the FeH+(X5Δ) to assess the density functional theory (DFT) errors associated with a series of functionals that span multiple rungs of Jacob's ladder of density functional approximation (DFA) and observed a general trend of improving μ when moving to more expensive functionals at the higher rungs. We expect weak spectral bands to be produced from the low-lying electronic states of FeH2+ and FeH+ due to their lower transition μ values. Lastly, we present results for the total internal partition function sums (TIPS) of FeH+ and FeH2+, which have not been presented in the literature before.