HF2649 has passed the Iowa House in March 2024, and passed the Iowa Senate on April 19th, 2024, and Iowa Gov Kim likely to sign into law. April 30th Iowa filing deadline is next Tuesday. Nice...
Luckily, Minnesota never does anything that stupid. They usually pass those retroactive things around the end of March or the first week of April to give tax preparers plenty of time to handle the changes. It looks like Iowa is trying to one up Minnesota on those retroactive changes.
It's not how close to the filing date of April 30 that matters. It's how close they are to November 5, when they need all the money they can get from these race horse breeders and other salt-of-the-earth types that inhabit Iowa.
Yes this just proves we do have idiots (mostly Republicans) in the statehouse. Do ya think they are doing farmers who had to file by March 1st a favor, by passing a law helping them on April 23rd. Because thy will be charged handsomely for their $150 to $600 amended return refund. No farmers, (who are the only ones to qualify), have not filed by now.
@IntuitGabi can you forward this on to the ProSeries IA1040 module programmer. I have been indirectly told that The Iowa Dept of Revenue would be making a post regarding this on their website in the coming days. Please post what you learn on this thread,
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