Objective. To evaluate the impact of image reconstruction algorithm selection, as well as imaging mode and the reconstruction interval, on image quality metrics for megavoltage computed tomography (MVCT) image acquisition for use in image-guided (IGRT) and adaptive radiotherapy (ART) on a next-generation helical tomotherapy system. Approach. A CT image quality phantom was scanned across all available acquisition modes for filtered back projection (FBP) and both iterative reconstruction (IR) algorithms available on the system. Image quality metrics including noise, uniformity, contrast, spatial resolution, and mean CT number were compared. Analysis of DICOM data was performed using ImageJ software and Python code. ANOVA single factor and Tukey’s honestly significant difference post-hoc tests were utilized for statistical analysis. Main Results. Application of both IR algorithms noticeably improved noise and image contrast when compared to the FBP algorithm available on all previous-generation helical tomotherapy systems. Use of the FBP algorithm improved image uniformity and spatial resolution in the axial plane, though values for the IR algorithms were well within tolerances recommended for IGRT and/or MVCT-based ART implementation by the American Association of Physicists in Medicine (AAPM). Additionally, longitudinal resolution showed little dependence on the reconstruction algorithm, while a negligible variation in mean CT number was observed regardless of the reconstruction algorithm or acquisition parameters. Statistical analysis confirmed the significance of these results. Significance. An overall improvement in image quality for metrics most important to IGRT and ART—mainly image noise and contrast—was evident in the application of IR when compared to FBP. Furthermore, since other imaging parameters remain identical regardless of the reconstruction algorithm, this improved image quality does not come at the expense of additional patient dose or an increased scan acquisition time for otherwise identical parameters. These improvements are expected to enhance fidelity in IGRT and ART implementation.