IDR Releases New Tax Guidance: 2023 Changes to Iowa Individual Income Tax

Tuesday - 01/10/2023

The Iowa Department of Revenue has released new tax guidance as it relates to 2023 Changes to Iowa Individual Income Tax. This tax guidance is related to individual income tax changes that will become effective for tax years beginning in tax year 2023. This guidance addresses:

  • Starting Point for Iowa Tax Return
  • Individual Income Tax Rates
  • Net Operating Losses (NOLs)
  • Filing Status
  • Deductibility of Federal Taxes Paid
  • Student Loan Repayments by Employers
  • Health Insurance Deduction
  • Alternative Minimum Tax (AMT)
  • Provisions Which Were Not Repealed by SF 2417
  • Capital Gain Exclusion for Sale of Qualified Stock
  • Retired Farmer Lease Income Exclusion
  • Capital Gain Exclusion
  • Repeal of Certain Capital Gains Deductions and Allowance of Installment Sales
  • Retirement Income Exclusion

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