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For more about Goldenseal payroll accounting software, click here.
For more about US Federal withholding in the Goldenseal payroll software, click here.
To download free updates for Iowa and federal payroll tax tables, click here.
Iowa has state income tax withholding that uses a standard deduction, plus a credit amount for
each exemption. It uses a 'step' table that is similar to the federal payroll tax tables.
The Iowa state withholding tax formula changed in 2005 (it has changed 3 times in the past 15 years).
HINT-- Turtle Creek Software provides free annual updates for
US federal and Iowa tax withholding rates.
Iowa State Withholding Instructions
To enter withholding information for an employee, follow these steps:
- Choose Employees from the Accounts menu.
- Locate the employee record.
- Enter the employee's marital status into the Marital Status field (see note below).
- Enter the number of federal
dependents into the Federal Exemptions field.
- Enter the number of Iowa dependents into
the State Exemptions field.
Iowa Unemployment Tax Instructions
In 2005, Iowa state unemployment cost applies to the first $20,400 of each employee's wages. For
new employers, the starting rate is 8.035% for construction, and 1.035% for other businesses. In later years
the tax rate is different for each company, depending on experience rating.
To enter your Iowa SUTA tax rate into the Goldenseal payroll software, follow these steps:
- Choose Payroll Setup from the Costs menu,
and choose Tax Items from the submenu.
- You'll see a list of Tax Items. Locate Iowa SUTA in
the list, and double-click on it. HINT: If you don't see Iowa SUTA in the list, you'll need
to import your state's payroll info first.
- Enter the percentage rate that you pay into the percentage field to the right of Calculation
method.
- If the cutoff amount has changed, enter it into the dollar field to the right of First Adjustment.
Marital Status
Enter one of the following for each employee:
- Single- single employee with one personal exemption
- Married- married employee with two personal exemptions
- Dual Income- married employee with one personal
exemption
- Head of House- employee claims Head of Family status
- Other- not used
Contacts
Tax Forms Automated System-- 515 281-3114
SUTA-- 515 281-5640
Iowa Department of Revenue & Finance
Hoover State Office Building
Des Moines IA 50319
Official State Lawn Ornament
Riding mower.
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