The iridium(III) complexes [Ir(H)(Cl)(κ²-NSi^tBu₂)(κ²-bipy^Me₂)] (2) and [Ir(H)(OTf)(κ²-NSi^tBu₂)(κ²-bipy^Me₂)] (3) (NSi^tBu₂ = {4-methylpyridine-2-yloxy}ditertbutylsilyl) have been synthesized and characterized including X-ray studies of 3. A comparative study of the catalytic activity of complexes 2, 3, [Ir(H)(OTf)(κ²-NSi^tBu₂)(coe)] (4), and [Ir(H)(OTf)(κ²-NSi^tBu₂)(PCy₃)] (5) (0.1 mol%) as catalysts precursors for the solventless formic acid dehydrogenation (FADH) in the presence of Et₃N (40 mol%) at 353 K has been performed. The highest activity (TOF_{5 min} ≈ 3260 h⁻¹) has been obtained with 3 at 373 K. However, at that temperature the FTIR spectra show traces of CO together with the desired products (H₂ and CO₂). Thus, the best performance was achieved at 353 K (TOF_{5 min} ≈ 1210 h⁻¹ and no observable CO). Kinetic studies at variable temperature show that the activation energy of the 3-catalyzed FADH process is 16.76 kcal mol⁻¹. Kinetic isotopic effect (5 min) values of 1.6, 4.5, and 4.2 were obtained for the 3-catalyzed dehydrogenation of HCOOD, DCOOH, and DCOOD, respectively, at 353 K. The strong KIE found for DCOOH and DCOOD evidenced that the hydride transfer from the C–H bond of formic acid to the metal is the rate-determining step of the process.