The Iowa Department of Revenue has released updated tax guidance regarding Iowa nonconformity and the Coronavirus Aid, Relief, & Economic Security (CARES) Act of 2020.
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IDR Releases Updated State Tax Guidance: Iowa Nonconformity CARES Act of 2020
March 12, 2021
IDR helps you prepare for tax time
February 03, 2021
With tax filing season upon us, the Iowa Department of Revenue is reminding Iowans of the many resources available that can assist taxpayers with filing their tax return. The Department will begin processing returns at the same time as the IRS on February 12. This is because Iowa taxpayers are required to provide their federal return with their Iowa return. Iowa income tax returns are due on April 30.
IDR Releases State Tax Guidance: Iowa Small Business Relief Grant Program
January 19, 2021
On June 29, 2020 Governor Reynolds signed into law House File 2641. The Department has released guidance to explain this tax change as it relates to the following:
IDR Releases New State Tax Guidance: Iowa's Nonconformity with the Federal Consolidated Appropriations Act of 2021
January 19, 2021
On December 27, 2020, President Donald Trump signed Public Law 116-260, the Consolidated Appropriations Act, 2021. This federal law includes a number of federal tax changes, some with retroactive effect. The Department has released new guidance to explain this law as it relates to Iowa's Nonconformity with the Federal Consolidated Appropriations Act of 2021.
IDR Releases State Tax Guidance: Computers and Computer Peripherals
January 15, 2021
The Iowa Department of Revenue has released new sales tax guidance:
IDR Releases Updated State Tax Guidance: Online & Marketplace Sales Guidance
December 11, 2020
The Iowa Department of Revenue has released new guidance as it reflects to Sales Tax.
IDR Issues New Income Withholding Tax Tables for 2021
November 10, 2020
The Iowa Department of Revenue is issuing updated income tax withholding formulas and tables for 2021 to continue to align Iowa withholding with recent changes in state tax laws.
For individuals, this means that employers will be reducing the amount of Iowa tax withheld from employees’ paychecks, beginning January 1, 2021, increasing take-home wages for individuals.
Important Upcoming IDR Tax Deadlines: Income & Franchise Tax Return
October 21, 2020
As a result of the August 10, 2020, derecho storm that affected Iowa, the Internal Revenue Service extended until December 15, 2020, certain tax-filing and tax-payment deadlines falling on or after August 10, 2020, and before December 15, 2020.
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.