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he Iowa State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:
Department of Revenue Income Tax Division Hoover State Office Bldg. P.O. Box 10457 Des Moines, IA 50306-0457 (515) 281-3114 (800) 367-3388 (in state) www.state.ia.us/tax
Iowa requires that you use Iowa form “IA W-4, Centralized Employee Registry Reporting Form/Employee Withholding Allowance Certificate” instead of a Federal W-4 Form for Iowa State Income Tax Withholding.
Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows. In Iowa cafeteria plans are not taxable for income tax calculation; taxable for unemployment insurance purposes. 401(k) plan deferrals are not taxable for income taxes; taxable for unemployment purposes.
In Iowa supplemental wages are taxed at a 6% flat rate.
State W-2s are not applicable in the state of Iowa.
Continue reading ‘Iowa Payroll Law and Practice’
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Young retirees looking out for the best cities in the U.S. to retire young but still be engaged in an active lifestyle may take a look at the top ten cities that have been chosen by the Money Magazine with Bert Sperling of Bestplace.net this year. The best cities have been selected based on important factors for an active lifestyle such as population growth, cost of living, economic health, recreation opportunities and leisure activities. The city’s proximity to a large metro area, college presence in the vicinity and housing costs that are below $350,000 have been taken into account. However, the study also made a few exceptions for cities that offered unique benefits and did not strictly fit the criteria.
1. Coeur d’Alene, Idaho: Pronounced as ‘Core da lane’, this city offers a wonderful ski environment, stunning scenery and a flourishing golf culture. The city is picking up in the tourism sector. The median home price is $311,700 and the population is 38,246.
2. Charlottesville, Virginia: The Blue Ridge Mountains, University of Virginia, and variety of entertainment and recreation, makes Charlottesville an attractive option to retire in. This is also a city with a strong historical background. All these positive features offset the slightly high median home price of $398,400. The population of Charlottesville is 41,425.
3. Logan, Utah: Home to the Utah State University, Logan is a popular city that offers various recreational activities including plenty of water sports at Bear Lake. Logan has a historic downtown and the scenic Logan Canyon Scenic Byway is a great attraction. The city has a median home price of $205,400 and population of 44,599.
Continue reading ‘Top 10 Cities For Younger Retirees’
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The capital of Iowa, Des Moines is a sprawling city noted for kicking off the U.S. Presidential campaigns every four years. If you are looking for a more traditional place to raise a family, this may be the place.
Des Moines also serves as the seat of Polk County, and is the center of a growing metropolitan area. With an estimated 196,857 residents in 2006, Des Moines has experienced marginal growth since 1990. The core population peaked at 208,982 in 1960. Since then, outlying suburbs have boosted the overall metro population to over 534,230. While Des Moines has successfully annexed bordering areas, a plan to merge governments with Polk County was soundly rejected by voters. The median age of city residents was 35.6 years in 2006 with 76% of the population being White non-Hispanic. Another 8% were African American, 10% Hispanic and 4% Asian. The African American and Hispanic populations are significantly higher than the Iowa average. About 10% of residents were foreign born, significantly higher than the state average. Over 25% of residents claimed German ancestry. Families made up 62% of Des Moines households. The 2006 median income for households in Des Moines was $41,651, slightly under the state average. It was somewhat below the national average of $46,242. Unemployment in 2006, at 6.8% among the civilian workforce, was greater than the national trend. About 15% of the population lived in poverty, equal in percentage to the number of dropouts in Des Moines.
Continue reading ‘Iowa is a Better Pace of Life’
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Burlington Street residents watch from above as Iowa City firefighters cut a downed street light on Thursday night, Apr. 13, 2006.
Ben Roberts/The Daily Iowan
A crowd gathers around an overturned car on Clinton Street near Burlington Street on Thursday night.
Nick Loomis/The Daily Iowan
Deputy Hynes with the Johnson County Sheriff Department instructs pedestrians to keep clear of a suspected gas leak in the Ped Mall on Thursday night.
Nick Loomis/The Daily Iowan
Continue reading ‘Iowa City Tornado of 2006′
