Unemployment Taxes For Employers In Iowa To Decrease In 2018

Friday the Iowa Governor’s office announced Beginning January 1, Iowa employers will see unemployment insurance taxes decrease an average of 25% on 2018 wages.  The decrease is a result of the strength of the unemployment insurance trust fund, unemployment contributory wages and target levels of the unemployment insurance contributory wages.  Yearly rates are determined by a formula.

In 2018, Iowa’s employers will be in Table 7 of 8 possible tables (with 8 being the most favorable). Iowa law requires IWD to establish the tax table that will be used to determine the unemployment tax rate for eligible employers each year.

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