The Department is excited to announce our new website, revenue.iowa.gov, is launching in one week, on July 9!

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

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 Helps you Prepare for Tax Time

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.