On December 20, 2019, President Donald Trump signed Public Law 116-94, the Further Consolidated Appropriations Act of 2020. Division Q of that Act, entitled the “Taxpayer Certainty and Disaster Tax Relief Act of 2019” extends several federal tax provisions, many retroactively to tax years 2018 and 2019. Division O of the Act, entitled the “Setting Every Community up for Retirement Enhancement Act” (SECURE Act) also contains a number of provisions that may have tax effects for some taxpayers.

Generally, Iowa does not conform with these federal tax changes to the extent they apply to a tax year beginning prior to January 1, 2020. However, Iowa has conformed with certain provisions related to 529 plans. This guidance describes Iowa's general nonconformity with this federal law for tax years beginning in calendar year 2018 or 2019. Iowa generally conforms with these federal tax changes (with one exception), to the extent they affect Iowa income taxes, for tax years beginning on or after January 1, 2020.