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News Releases

IDR Helps you Prepare for Tax Time
January 27, 2020
With tax filing season upon us, the Iowa Department of Revenue is reminding Iowans of the many resources available and recent changes at the Department that can assist taxpayers with filing their tax return. The Department will begin processing returns at the same time as the IRS on January 27th. This is because Iowa taxpayers are required to provide their federal return with their Iowa return.
IDR State Tax Reform Guidance: Built-in Gains Tax on S Corporations
January 27, 2020

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that includes extensive changes to the state’s tax structure. The Department has released guidance to explain the following tax change:

IDR State Tax Reform Guidance
January 03, 2020

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that includes extensive changes to the state’s tax structure. The Department has released updated guidance to explain the following tax changes:

IDR State Tax Reform Guidance: DPAD
December 16, 2019

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that includes extensive changes to the state’s tax structure. The Department has released updated guidance to explain the following tax change:

IDR Releases New State Tax Guidance: Tax Preparers; GILTI; FDII
November 21, 2019

In May 2019, the Iowa legislature enacted House File 590, a bill providing requirements and penalties for tax return preparers. The Department has released new guidance to explain the provisions of this act:

IDR Issues New Income Withholding Tax Tables for 2020
November 04, 2019

Des Moines, Iowa – The Iowa Department of Revenue is issuing updated income tax withholding tables for 2020 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, 2020, increasing take-home wages for individuals.

IDR Announces 2020 Interest Rates, Standard Deductions, and Income Tax Brackets
October 17, 2019

Des Moines, Iowa – The Iowa Department of Revenue has finalized the 2020 interest rate, individual income tax brackets, and individual income tax standard deduction amounts for the 2020 tax year (applicable for taxes due in 2021). 

Interest Rates

Starting January 1, 2020, the interest rate for taxpayers with overdue payments will be:

IDR State Tax Reform Guidance: Taxation of Digital Products & Services
September 03, 2019

In 2018, the Iowa legislature enacted Senate File 2417, a state tax reform bill that includes extensive changes to the state’s tax structure. The Department has released new guidance to explain the following tax change:

Welcome to the New Website!
August 26, 2019

Welcome to the Department's all-new website! The new site includes better navigation, improved search functions, and a simplified homepage. The Department utilized customer feedback and data analytics in designing and building the site.