Unemployment insurance tax rates for Iowa employers will remain unchanged for 2022.
Unemployment insurance tax rates for Iowa employers will remain unchanged for 2022. For the fifth consecutive year, the tax rates used to fund unemployment benefits will be the second lowest allowed by law.
In 2020, Gov. Kim Reynolds directed that $490 million of CARES Act coronavirus relief funds be used to support the unemployment trust fund.
Iowa law requires Iowa Workforce Development to establish a table to determine the unemployment tax rates that will impact eligible employers each year. The unemployment insurance rate table trigger is derived from a formula based primarily on the balance in Iowa’s unemployment insurance trust fund, unemployment benefit history, and covered wage growth. Based on this formula, contribution rates will continue to be drawn from Table 7 (out of eight possible tables) in calendar 2022.