Looking for a little more in the ole paycheck next year? The Iowa Department of Revenue is updating its income tax withholding tables for 2020 to comply with recent tax laws changes. Revenue spokesman John Fuller says employers will be trimming the amount of Iowa tax withheld from employees’ paychecks starting January 1st, meaning, changes in Iowans’ take-home pay.
The Iowa legislature enacted sweeping tax reforms in 2018 and the changes are being put in place gradually for the 2019 and 2020 tax years. You can find the new tax tables and the Withholding Calculator at the Iowa Department of Revenue website: www.tax.iowa.gov.