USA State Taxes

IOWA (IA)

 

STATE INCOME TAX (SIT)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Wage Withholding Tables  

Iowa Department of Revenue - Withholding Tax Information and Tax Tables

 

 

Business Tax Registration

Semi-Monthly EFT More than $5,000/semi-monthly, or $10,000/mth or $120,000/yr.

Monthly EFT $500.00-$10,000/mth or $6000-$120,000/year

Quarterly EFT - less than $1,500.00/quarter,or $500/mth or $6,000/yr.

Efile and Pay

Withholding Tax Forms

 

Quarterly Return - 44-095

 

 

Withholding Certificate and Centralized Employee Registry

IA W-4

Supplemental Wage / Bonus Rate 5.7% 2024

 

Notes: Based on their filing frequency, every employer is required to file for each applicable period during the calendar year, even if compensation was not paid during a period.

IA has a reciprocal agreement with Illinois.

 

STATE UNEMPLOYMENT INSURANCE (SUI)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Maximum Taxable Earnings $38,200 Increased from $36,100 in 2023

Iowa Workforce Development

 

Rates

 

UI Handbook for Employers

Quarterly

Register and file reports at MyIowaUI (MIUI)

Workforce Employer Forms
Employee Deduction None  
Employer Tax Rate 0.0 - 7.0% Changed from 2023
New Employment Rate - Standard 1.0% Unchanged from 2023
Voluntary Contribution Permitted No  

 

 

NEW HIRE REPORTING

Website Frequency / Method Forms
New Hire

Within 15 days of hiring.

File

Register

See SIT Forms: Centralized Employee Registry Reporting Form IA W-4

 

 

WEBSITES

 

 

Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.

 

Last updated Jan 2024