89 FR 227 pgs. 93036-93037 - Publication of the Tier 2 Tax Rates
Type: NOTICEVolume: 89Number: 227Pages: 93036 - 93037
Pages: 93036, 93037FR document: [FR Doc. 2024-27487 Filed 11-22-24; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Publication of the Tier 2 Tax Rates
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice.
SUMMARY:
Publication of the tier 2 tax rates for calendar year 2025 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 funding for benefits under the Railroad Retirement Act.
DATES:
The tier 2 tax rates for calendar year 2025 apply to compensation paid in calendar year 2025.
FOR FURTHER INFORMATION CONTACT:
[top] Kathleen Edmondson, CC:EEE:EOET:ET1, Internal Revenue
SUPPLEMENTARY INFORMATION:
Tier 2 Tax Rates: The tier 2 tax rate for 2025 under section 3201(b) on employees is 4.9 percent of compensation. The tier 2 tax rate for 2025 under section 3221(b) on employers is 13.1 percent of compensation. The tier 2 tax rate for 2025 under section 3211(b) on employee representatives is 13.1 percent of compensation.
Authority: 26 U.S.C. 3241.
Rachel Levy,
Associate Chief Counsel (Employee Benefits, Exempt Organizations and Employment Taxes).
[FR Doc. 2024-27487 Filed 11-22-24; 8:45 am]
BILLING CODE 4830-01-P