Iowa Withholding Formula for Wages Paid Beginning January 1, 2024
Posted by SamanthaSkogerboe on Dec. 28, 2023 / State Updates / Subscribe 0
The Iowa Department of Revenue has released a new withholding formula and IA W-4 for wages paid beginning January 1, 2024. Visit the Iowa Department of Revenue website for the full instructions, tax tables, new form, and additional information.
NOTE: Because of changes under SF 565 reflected on the 2024 IA W-4 form, employees should be encouraged to file an updated Iowa W-4 using the 2024 IA W-4 form. For employees who do not file an updated W-4 using the 2024 IA W-4 form, employers should use $40 as the total allowance amount and $0 as the additional withholding amount when calculating these employees’ Iowa withholding amounts.
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