 |
United States Department of Agriculture |
Office of the Chief Financial Officer |
National Finance Center |
P.O. Box 60000 New Orleans Louisiana 70160 |
TAXES 06-27, Iowa State Income Tax Withholding
Title: |
I, Payroll/Personnel Manual |
Chapter: |
28, Section 2, Tax Formulas (TAXES) |
Bulletin: |
TAXES 06-27, Iowa State Income Tax Withholding |
Date: |
July 3, 2006 |
To: |
Holders of TAXES (State of Iowa only) |
Beginning with wages paid for Pay Period 13, the National Finance Center (NFC) will make the following changes to the state of Iowa income tax withholdings:
- The withholding table will change.
- The standard deduction for employees claiming zero to one personal allowance will increase from $1,500 to $1,650.
- The standard deduction for employees claiming two or more personal allowances will increase from $3,600 to $4,060.
No action on the part of the employee or the personnel office is necessary.
To view the updated tax formula, go to NFC's Home Page (www.nfc.usda.gov) and click Pubs & Forms. Then on the Pubs & Forms page left-hand menu, click Tax Formulas and select the appropriate state from the map provided. Changes to the tax formula are identified by "
."
For questions about NFC processing, contact the Payroll/Personnel Call Center at 504-255-4630.
/s/ Robert H. Varnau for
MARK J. HAZUDA, Director
Government Employees Services Division