On Wednesday, December 13, 2023, The Iowa Department of Revenue issued updated income tax withholding formulas and tables for tax year 2024. As part of the changes, the Iowa W-4 has been revised to accommodate changes in the withholding formulas and tables. Allowances on the W-4 will now...
Now, there are a few options for what happens to the money. If the spouse receiving the money takes it as a regular dispersal, they can do whatever they want with it — but will have to pay regular income tax on it. It can also berolled into another retirement account. Sometimes the ...