This year, Iowa taxpayers will benefit from the 3.8% flat income tax rate. The transition from a high multi-rate progressive tax to a low flat tax will not only allow taxpayers to keep more of their earned income, but it will also make Iowa more competitive.
The 3.8% flat tax is just one of the several pro-growth tax reforms that have been enacted by Gov. Kim Reynolds and the legislature. Since 2018, Reynolds has made tax reform a priority, and now she is calling for unemployment taxes to be lowered. Lowering the unemployment tax will benefit both businesses and employees and keep Iowa’s competitiveness moving in the right direction.
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