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The Iowa Workforce Development announced today that tax rates for 2022 will be calculated using the same table as was used for the 2021 tax rates based on word from Governor Kim Reynolds.  The state used CARES Act coronavirus relief funds in 2020 to infuse its unemployment trust fund due to the influx of claims related to the pandemic.   This enabled the state to maintain its rate table from the prior year.  The state has eight tables it can use to determine employers’ tax rates each year which is mentioned in the Iowa Administrative Code, Iowa Admin. Code r 871-23.40.  .  Table 7 is the second lowest table available to calculate rates for employers in the state.

 

No word has yet been released on the taxable wage base for 2022.  We will keep you informed of any updates to this or any states’ 2022 tax rate information.  Please contact your CCC Tax Analyst for questions regarding this communication.


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