Iowa’s revenue department reiterated and expanded withholding guidance it provided after changes to its withholding certificate for 2024, the department said May 13.
A news release from the department restated that employers have two options for employees who have not filled out the 2024 version of Form IA W-4, Employee Withholding Allowance Certificate. Withholding can be calculated using either a $40 allowance or using a prior-year Form IA W-4 and multiplying the number of allowances claimed by $40.
The department added in its withholding guidance that if an employer expects to receive a 2024 Form IA W-4 from an employee ...
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