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Iowa Fuel Tax Rate Change Effective July 1, 2020
June 30, 2020
Due to COVID-19, the current Iowa legislative session was suspended on March 15, 2020 until June 3, 2020. The bill was passed by the legislature on June 3, 2020 and signed into law on June 30, 2020. The new Iowa fuel tax rates begin July 1, 2020.
Important Upcoming Iowa Department of Revenue Tax Deadline
June 25, 2020

The Department is reminding taxpayers that Iowa has not extended the due date for Estimated Income Tax Payments. The second quarter installment of tax year 2020 estimated income tax for taxpayers filing on a calendar year basis is due June 30, 2020.

IDR Releases New State Tax Guidance: 199A(g) Deduction
June 24, 2020

On March 23, 2018, President Trump signed into law the Consolidated Appropriations Act, 2018 (P.L. 115-141). Among other changes to the Internal Revenue Code (IRC), this bill included a fix to the so called “grain glitch,” which occurred when IRC section 199 was repealed under Tax Cuts and Jobs Act (TCJA) in 2018.

Hotel/Motel Tax Information for Local Governments
June 17, 2020

The Department of Revenue recognizes travel/hospitality is one of many industries that has been severely impacted by the recent pandemic. This also impacts local governments and organizations in those communities that benefit from Iowa’s hotel/motel tax. The Department collects the tax and distributes the funds back to local governments on a quarterly basis.

Iowa Nonconformity: Coronavirus Aid, Relief, and Economic Security Act of 2020
June 01, 2020

On March 27, 2020, President Donald Trump signed Public Law 116-136, the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. The CARES Act includes a number of changes to federal tax provisions that are retroactive to tax years 2018 and 2019 (i.e. tax years beginning in calendar years 2018 or 2019).

LOST Information for Local Governments
May 28, 2020

Local Government Officials:

The Department of Revenue has received questions from many of you regarding the impact of COVID-19 on local option sales tax collections. We have been monitoring and will continue to monitor the situation. At this time, we have decided not to make any adjustments to the current monthly estimates for Fiscal Year 2020.

Iowa Small Business Relief Tax Deferral Program continues with second round
May 06, 2020

Iowa Director of Revenue Kraig Paulsen has announced businesses in Iowa can continue to apply for a deferral of state sales and/or withholding tax.

Important Upcoming Tax Deadlines
April 28, 2020

Although a number of tax filing deadlines were recently extended by Governor Reynolds and the Iowa Department of Revenue, not all tax filing deadlines have been extended. The Department is reminding taxpayers that a number of important tax deadlines are approaching soon and taxpayers should meet those deadlines to avoid interest, penalties, or loss of other tax benefits.

Iowa Issues Order Related to Estimated Tax Payments
April 09, 2020

Des Moines, Iowa – The Iowa Department of Revenue announced today conditional penalty relief for taxpayers required to make estimated payments. The changes, prompted by COVID-19, are the result of Order 2020-03, an order signed by Director of Revenue Kraig Paulsen.