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.