Iowa Employers Can Now Claim Tax Credits for New Jobs
Des Moines,Iowa – December 4,2024 – Iowa employers who create new jobs might potentially be eligible for a state tax credit,the Iowa Workforce Growth (IWD) announced today. The New Jobs Tax Credit is designed to incentivize business expansion and job creation across the state, bolstering Iowa’s economy and workforce.
The program offers a refundable tax credit to businesses that demonstrate a net increase in new, insured jobs in Iowa. This initiative aims to address workforce needs and encourage economic growth by reducing the financial burden associated with hiring. Employers can claim the credit for positions filled after January 1, 2024.
To learn more about eligibility requirements and the submission process, employers are encouraged to contact Lauren Siebert, IWD 260 Program Manager, at lauren.siebert@iwd.iowa.gov. Alternatively, a program contact form is available online at https://forms.office.com/g/ubYMVRwNy7.
The New Jobs Tax Credit is part of a broader suite of IWD programs designed to support both employers and job seekers in Iowa. Further details regarding the program can be found on the IWD website.
