Des Moines, Iowa – Be prepared. Changes are coming next tax season for Iowans who file individual income tax returns. Individuals who file Iowa income tax, fiduciary, and inheritance taxes can now make payments and manage their accounts through GovConnectIowa, the State’s secure online tax and licensing portal.
The Iowa Department of Revenue is in the third phase of a multi-year initiative aimed at modernizing and simplifying procedures for both individual taxpayers and businesses across the State of Iowa.
Des Moines, Iowa – The Iowa Department of Revenue has finalized individual income tax brackets for the 2024 tax year (applicable for taxes due in 2025) and the 2024 interest rate, which the agency charges for overdue payments.
2020 Iowa Acts, House File 2565 transitions the setoff program from the Iowa Department of Administrative Services to the Iowa Department of Revenue. The Department has released new tax guidance to explain this tax change:
The Iowa Department of Revenue has released tax year 2023 Iowa income tax forms to our secure site for software developers and has communicated these actions to the National Association of Computerized Tax Processors (NACTP), software developers, and other interested parties.
On September 22, 2023, the Director of the Iowa Department of Revenue, Mary Mosiman, issued Order 2023-02. The Department has provided guidance to explain this tax change:
The Iowa Department of Revenue has released updated tax guidance including the following new or updated Common Questions related to Pass-Through Entity Tax (PTET):
On January 10, 2023, Governor Kim Reynolds signed Executive Order 10, putting a moratorium on certain administrative rulemaking and instituting a comprehensive review of all existing administrative rules.
On May 11, 2023, Governor Kim Reynolds signed 2023 Iowa Acts, House File 352. The Iowa Department of Revenue has released new tax guidance to explain this tax change: