diff --git a/iconbutton/icon-button_test.ts b/iconbutton/icon-button_test.ts
index 8054c3d5b4..becc3e4cec 100644
--- a/iconbutton/icon-button_test.ts
+++ b/iconbutton/icon-button_test.ts
@@ -122,6 +122,24 @@ describe('icon button tests', () => {
       expect(element.selected).toBeFalse();
     });
 
+    it('fires input and change events when clicked', async () => {
+      const {element, harness} =
+          await setUpTest('md-standard-icon-button-toggle');
+      if (!(element instanceof MdStandardIconButtonToggle)) {
+        throw new Error(
+            'Icon button is not instance of MdStandardIconButtonToggle.');
+      }
+      let changeEvent = false;
+      let inputEvent = false;
+      element.addEventListener('input', () => inputEvent = true);
+      element.addEventListener('change', () => changeEvent = true);
+      expect(element.selected).toBeFalse();
+      await harness.clickWithMouse();
+      expect(element.selected).toBeTrue();
+      expect(inputEvent).toBeTrue();
+      expect(changeEvent).toBeTrue();
+    });
+
     it('setting `selected` updates the aria-pressed attribute on the native button element',
        async () => {
          const {element} = await setUpTest('md-standard-icon-button-toggle');
diff --git a/iconbutton/lib/_filled-icon-button.scss b/iconbutton/lib/_filled-icon-button.scss
index 700620c61d..672504722c 100644
--- a/iconbutton/lib/_filled-icon-button.scss
+++ b/iconbutton/lib/_filled-icon-button.scss
@@ -113,7 +113,7 @@ $_custom-property-prefix: 'filled-icon-button';
     );
   }
 
-  .md3-icon-button--on {
+  .md3-icon-button--selected {
     &:not(:disabled) {
       background-color: var(--_selected-container-color);
       color: var(--_toggle-selected-icon-color);
diff --git a/iconbutton/lib/_filled-tonal-icon-button.scss b/iconbutton/lib/_filled-tonal-icon-button.scss
index 80a84348d8..b6bd3639c7 100644
--- a/iconbutton/lib/_filled-tonal-icon-button.scss
+++ b/iconbutton/lib/_filled-tonal-icon-button.scss
@@ -113,7 +113,7 @@ $_custom-property-prefix: 'filled-tonal-icon-button';
     );
   }
 
-  .md3-icon-button--on {
+  .md3-icon-button--selected {
     &:not(:disabled) {
       background-color: var(--_selected-container-color);
       color: var(--_toggle-selected-icon-color);
diff --git a/iconbutton/lib/_outlined-icon-button.scss b/iconbutton/lib/_outlined-icon-button.scss
index 65512d9f53..4b3280ae5e 100644
--- a/iconbutton/lib/_outlined-icon-button.scss
+++ b/iconbutton/lib/_outlined-icon-button.scss
@@ -107,12 +107,12 @@ $_custom-property-prefix: 'outlined-icon-button';
   }
 
   // Selected toggle buttons have no outline.
-  .md3-icon-button--outlined.md3-icon-button--on::before {
+  .md3-icon-button--outlined.md3-icon-button--selected::before {
     border-width: 0;
   }
 
   // Selected icon button toggle.
-  .md3-icon-button--on {
+  .md3-icon-button--selected {
     &:not(:disabled) {
       background-color: var(--_selected-container-color);
       color: var(--_selected-icon-color);
@@ -148,7 +148,7 @@ $_custom-property-prefix: 'outlined-icon-button';
 
   @media (forced-colors: active) {
     // Selected button in HCM has an outline.
-    .md3-icon-button--on {
+    .md3-icon-button--selected {
       &::before {
         border-color: var(--_unselected-outline-color);
         border-width: var(--_unselected-outline-width);
diff --git a/iconbutton/lib/_shared.scss b/iconbutton/lib/_shared.scss
index 69ca27fca7..b300e6922b 100644
--- a/iconbutton/lib/_shared.scss
+++ b/iconbutton/lib/_shared.scss
@@ -76,20 +76,6 @@
 
   .md3-icon-button__icon {
     display: inline-flex;
-
-    &.md3-icon-button__icon--on {
-      display: none;
-    }
-  }
-
-  .md3-icon-button--on {
-    .md3-icon-button__icon {
-      display: none;
-
-      &.md3-icon-button__icon--on {
-        display: inline-flex;
-      }
-    }
   }
 
   .md3-icon-button__link {
diff --git a/iconbutton/lib/_standard-icon-button.scss b/iconbutton/lib/_standard-icon-button.scss
index c969dea111..405a337e1d 100644
--- a/iconbutton/lib/_standard-icon-button.scss
+++ b/iconbutton/lib/_standard-icon-button.scss
@@ -87,7 +87,7 @@ $_custom-property-prefix: 'icon-button';
     }
   }
 
-  .md3-icon-button--on {
+  .md3-icon-button--selected {
     &:not(:disabled) {
       color: var(--_selected-icon-color);
 
diff --git a/iconbutton/lib/icon-button-toggle.ts b/iconbutton/lib/icon-button-toggle.ts
index 3d746fbcd8..fa249a6a05 100644
--- a/iconbutton/lib/icon-button-toggle.ts
+++ b/iconbutton/lib/icon-button-toggle.ts
@@ -21,19 +21,22 @@ import {ripple} from '../../ripple/directive.js';
 import {IconButton} from './icon-button.js';
 
 /**
- * @fires icon-button-toggle-change {CustomEvent<{selected: boolean}>}
+ * @fires change {Event}
+ * Dispatched whenever `selected` is changed via user click
+ *
+ * @fires input {InputEvent}
  * Dispatched whenever `selected` is changed via user click
  */
 export class IconButtonToggle extends IconButton {
   /**
-   * The `aria-label` of the button when the toggle button is selected or "on".
+   * The `aria-label` of the button when the toggle button is selected.
    */
   @property({type: String}) ariaLabelSelected!: string;
 
   /**
-   * Sets the toggle button to the "on" state and displays the `onIcon`. If
-   * false, sets the toggle button to the "off" state and displays the
-   * `offIcon`.
+   * Sets the selected state. When false, displays the default icon. When true,
+   * displays the `selectedIcon`, or the default icon If no `selectedIcon` is
+   * provided.
    */
   @property({type: Boolean, reflect: true}) selected = false;
 
@@ -56,26 +59,33 @@ export class IconButtonToggle extends IconButton {
         ${this.renderFocusRing()}
         ${when(this.showRipple, this.renderRipple)}
         ${this.renderTouchTarget()}
-        ${this.renderIcon()}
-        ${this.renderSelectedIcon()}
+        ${!this.selected ? this.renderIcon() : nothing}
+        ${this.selected ? this.renderSelectedIcon() : nothing}
       </button>`;
   }
 
   protected renderSelectedIcon() {
-    return html`<md-icon class="md3-icon-button__icon md3-icon-button__icon--on"><slot name="selectedIcon"></slot></md-icon>`;
+    // Use default slot as fallback to not require specifying multiple icons
+    return html`<md-icon class="md3-icon-button__icon md3-icon-button__icon--selected"><slot name="selectedIcon"><slot></slot></slot></md-icon>`;
   }
 
   protected override getRenderClasses(): ClassInfo {
     return {
       ...super.getRenderClasses(),
-      'md3-icon-button--on': this.selected,
+      'md3-icon-button--selected': this.selected,
     };
   }
 
   protected handleClick() {
+    if (this.disabled) {
+      return;
+    }
+
     this.selected = !this.selected;
-    const detail = {selected: this.selected};
-    this.dispatchEvent(new CustomEvent(
-        'icon-button-toggle-change', {detail, bubbles: true, composed: true}));
+    this.dispatchEvent(
+        new InputEvent('input', {bubbles: true, composed: true}));
+    // Bubbles but does not compose to mimic native browser <input> & <select>
+    // Additionally, native change event is not an InputEvent.
+    this.dispatchEvent(new Event('change', {bubbles: true}));
   }
 }