IA 1040 (2023) - Iowa Individual Income Tax Return

The IA 1040 is the official form used to file your Iowa individual income tax return for the 2023 tax year. It calculates the amount of state income tax you owe (or the refund you're due) to the state of Iowa.

Who Needs to File IA 1040?

All Iowa residents who earned income in 2023, regardless of the amount, must file an IA 1040.

Recent Changes (for 2023 tax year):

A. Federal Net Operating Loss (NOL) Carryforwards: Special rules apply for claiming pre-2023 federal NOLs. These require using new forms (Schedule 1 and IA 124) to calculate the impact on your Iowa taxable income.

B. Federal Business Deductions: The qualified business income deduction and domestic production activities deduction are no longer reported separately on the IA 1040.

Tips for Filing Your IA 1040:

A. Gather your documents: This includes your federal tax return (1040), W-2s, 1099s, and any documentation for deductions or credits you plan to claim.

B. Review the instructions carefully: The instructions provide detailed information on how to fill out the form and what documentation is required.

C. Consider using tax preparation software: Tax software like eFile can help you complete the form accurately and efficiently.

D. File electronically: E-filing is the fastest and most secure way to file your IA 1040.

To access the current year's Form IA 1040, click here.