2023 IA 2210S Instructions
45-012b (10/20/2023)
Who May File 2210S?
If you are an individual taxpayer other than a
qualifying farmer or fisher, you may be able to use
this form to determine whether your income tax
was sufficiently paid throughout the year by
withholding or estimated payments. If payments
were not sufficient, you may owe a penalty.
Each individual required to make estimated
payments must file an estimated payment under
their name and SSN. The IA 2210 penalty must
also be calculated separately by each individual for
filing status 3 (married filing separate returns).
How to Avoid Underpayment Penalty:
You may avoid underpayment penalty if estimated
payments for 2023, made on or before the required
dates for payment, plus Iowa tax withheld for 2023,
are equal to the lesser of:
• 90% of the tax shown on the 2023 return; or
• 100% of the tax shown on the 2022 return if your
2022 federal AGI plus any bonus
depreciation/section 179 adjustment from IA
1040, line 14 and all other Iowa net income
decoupling is $150,000 or less ($75,000 or less
for married filing separate federal returns); or
• 110% of the tax shown on the 2022 return if your
2022 federal AGI plus any bonus
depreciation/section 179 adjustment from IA
1040, line 14 and all other Iowa net income
decoupling is greater than $150,000 (or greater
than $75,000 for married filing separate federal
returns). Your 2022 return must have covered a
period of 12 months.
Filing an Estimate and Paying the Tax,
Calendar Year Taxpayers:
The form IA 1040ES is used to estimate and mail
your quarterly tax payments. Estimated tax
payments are due on April 30, 2023, June 30,
2023, September 30, 2023, and January 31, 2024.
Note: If a due date ends on a weekend or holiday
as defined in Iowa Code section 421.9A,
substitute the next regular business day for the
due date.
Waiver of Penalty:
The underpayment of estimated tax penalty may
be waived if the underpayment was due to
casualty, disaster, or other unusual circumstances.
The penalty may also be waived if you retired at
age 62 or later, or became disabled in the tax year
for which the estimated payments were required,
and such underpayment was due to reasonable
cause and not to willful neglect.
Farmers and Fishers:
If two-thirds of your gross income is received from
farming or fishing, different rules apply. See the IA
2210F form.