On May 30, 2018, Iowa Governor Kim Reynolds signed into law Senate File 2417. This legislation modified a variety of state taxes, including individual income taxes. The general impact on individual income taxes is slightly less state income tax will be withheld from your paycheck beginning Jan. 1, 2019, thus increasing your net pay. The amount of change will vary by individual, depending on your income, filing status and the number of withholding allowances you claim.
Additionally, the 2019 federal income tax withholding tables have been adjusted for inflation. The result will be a slight decrease in federal income tax withholding from your paycheck.
If you have any questions, contact Steve Jordan, Senior Payroll Specialist, at ext. 14908.
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