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Depositing and Reporting Withheld Taxes: Iowa

Depositing and Reporting Withheld Taxes requirements for other states

Federal law and guidance on this subject should be reviewed together with this section.

Authors: Stuart R. Buttrick and Tareen Zafrullah, Faegre Drinker Biddle & Reath LLP

Summary

  • The deposit thresholds and due dates are based on how much an employer withholds each year. See Deposit Thresholds and Schedules.
  • All employers must, at a minimum, file quarterly reconciliation returns. See Forms.
  • The requirement to file a annual Verified Summary of Payments Report with the Iowa Department of Revenue has been repealed. See Annual Reconciliation Forms and Filing Deadlines.
  • Iowa employers must electronically file Forms W-2, Wage and Tax Statement, with the Iowa Department of Revenue (DOR) by the annual due date. See Information Return Filing Requirements.
  • Penalties are imposed for failure to comply with the income tax depositing and filing requirements. See Penalties.