The Department does not have an extension form to obtain additional time to file. A federal extension does not apply for Iowa purposes.
If at least 90% of your total tax liability is paid by May 1, 2023, you will automatically have an additional six months to file your return. You have until October 31, 2023, to file your return timely. You will not be charged a late file penalty. However, you may owe an IA 2210 penalty for failure to make estimated payments. You will owe interest on any tax still due after May 1, 2023.
If the due date falls on a Saturday, Sunday, or holiday as defined in Iowa Code section 421.9A, then the due date is the following day that is not a Saturday, Sunday, or holiday.
How to determine if 90% of the tax you owe has already been paid:
Multiply the amount on IA 1040, line 56 by 90% (0.90).
If the result is equal to or less than the amount on IA 1040, line 66, an extension is automatic.
Total state and local tax before contributions from line 56 = $5,000
$5,000 x 90% = $4,500
Total credits from line 66 = $4,000
90% of the tax has not been paid. No extension is available to this taxpayer. This taxpayer will owe penalty and interest on the unpaid tax.
Total state and local tax before contributions from line 56 = $3,000
$3,000 x 90% = $2,700
Total credits from line 66 = $2,850
This taxpayer receives an automatic extension until October 31, 2023 and will pay only interest on the unpaid tax.
If you need to make a tax payment to meet the 90% requirement, you may:
- arrange payment from your bank account through eFile & Pay (direct debit) on our website.
- pay by credit or debit card online or by telephone
- use the IA 1040V payment voucher form