IDR Announces 2020 Interest Rates, Standard Deductions, and Income Tax Brackets
Des Moines, Iowa - October 17, 2019 -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: * 7.0% annually * 0.6% monthly *0.019126% daily Iowa Code Section 421.7 specifies the […]

