IDR Releases New State Tax Guidance: Iowa Nonconformity CARES Act of 2020

Tuesday - 07/14/2020

In December of 2019, President Trump signed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 into law. This Act extends a number of expired federal tax provisions, many retroactively to tax years 2018 and 2019. Iowa has not conformed with any of these federal tax changes to the extent they apply to tax years beginning prior to January 1, 2020.

  • Iowa Nonconformity: Coronavirus Aid, Relief, & Economic Security (CARES) Act of 2020
    The Department has published guidance describing Iowa's nonconformity with provisions of the CARES Act of 2020 that commonly affect income taxes for individuals and businesses for tax years beginning in calendar year 2018 or 2019. Iowa generally conforms with federal tax changes, to the extent they affect Iowa income taxes, for tax years beginning on or after January 1, 2020.

In further Department updates, the following forms have been updated to reflect Iowa's nonconformity for 2018 and 2019 to both the CARES Act of 2020 and the Taxpayer Certainly and Disaster Tax Relief Act of 2019:

This information was sent via GovDelivery to those subscribed to receive Law & Policy updates from the Department. To receive notifications of resources and guidance issued by the Department, subscribe to updates by selecting the tax topics of interest.