IDR Announces 2021 Interest Rates, Deductions, Income Tax Brackets
October 14, 2020
Des Moines, Iowa – The Iowa Department of Revenue has finalized individual income tax brackets and individual income tax standard deduction amounts for the 2021 tax year (applicable for taxes due in 2022) and the 2021 interest rate, which the agency charges for overdue payments.
Administrative Rules - Available for Public Comment; Adopted & Filed
October 09, 2020
The Department of Revenue has submitted proposed rules to the Iowa Legislature. They are available for public comment through October 27, 2020, see individual notices below for details. Additionally, a proposed rule was previously submitted to the Iowa Legislature and have been adopted and filed, effective November 11, 2020.
Proposed Administrative Rules Available for Public Comment
September 24, 2020
The Department of Revenue has submitted new proposed rules to the Iowa Legislature, available for public comment through October 13, 2020. See individual notices for details. (Adoption Tax Credit; Withholding—Electronic Filing Requirements, Deadline for Furnishing Statements; Local Assessors; Transmittal of Declaration of Value Forms)
Important Upcoming Iowa Department of Revenue Tax Deadline
September 22, 2020
Third Quarter Income Tax Estimate
The Department is reminding taxpayers that Iowa has not extended the due date for estimated income tax payments. The third quarter installment of tax year 2020 estimated income tax for taxpayers filing on a calendar year basis is due September 30, 2020.
Iowa extends tax payment deadlines for certain businesses
August 28, 2020
On August 27, 2020 the Iowa Department of Revenue extended tax payment deadlines for certain businesses. The extension is a result of Order 2020-04, signed by Director of Revenue Kraig Paulsen, which provides flexibility for certain businesses disrupted by COVID-19.