87 FR 228 pgs. 73395-73396 - Publication of the Tier 2 Tax Rates

Type: NOTICEVolume: 87Number: 228Pages: 73395 - 73396
FR document: [FR Doc. 2022-26004 Filed 11-28-22; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version:  PDF Version
Pages: 73395, 73396

[top] page 73395

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Publication of the Tier 2 Tax Rates

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Notice.

SUMMARY:


[top] Publication of the tier 2 tax rates for calendar year 2023 as required by section 3241(d) of the Internal Revenue Code. Tier 2 taxes on railroad employees, employers, and employee representatives are one source of page 73396 funding for benefits under the Railroad Retirement Act.

DATES:

The tier 2 tax rates for calendar year 2023 apply to compensation paid in calendar year 2023.

FOR FURTHER INFORMATION CONTACT:

Kathleen Edmondson, CC:EEE:EOET:ET1, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224, Telephone Number (202) 317-6798 (not a toll-free number). TIER 2 TAX RATES: The tier 2 tax rate for 2023 under section 3201(b) on employees is 4.9 percent of compensation. The tier 2 tax rate for 2023 under section 3221(b) on employers is 13.1 percent of compensation. The tier 2 tax rate for 2023 under section 3211(b) on employee representatives is 13.1 percent of compensation.

Rachel D. Levy,

Associate Chief Counsel (Employee Benefits, Exempt Organizations and Employment Taxes).

[FR Doc. 2022-26004 Filed 11-28-22; 8:45 am]

BILLING CODE 4830-01-P