Publication of the Tier 2 Tax Rates

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Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published

November 19, 2021

Issuing agencies

Treasury DepartmentInternal Revenue Service

Abstract

Publication of the tier 2 tax rates for calendar year 2022 as required by 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.

Full Text

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<title>Federal Register, Volume 86 Issue 221 (Friday, November 19, 2021)</title>
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[Federal Register Volume 86, Number 221 (Friday, November 19, 2021)]
[Notices]
[Pages 64992-64993]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25296]


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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.

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SUMMARY: Publication of the tier 2 tax rates for calendar year 2022 as 
required by 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 2022 apply to 
compensation paid in calendar year 2022.

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 2022 under section 
3201(b) on employees is 4.9 percent of compensation. The tier 2 tax 
rate for 2022 under section 3221(b) on employers is 13.1 percent of 
compensation. The tier 2 tax rate for 2022 under section 3211(b) on 
employee representatives is 13.1 percent of compensation.


[[Page 64993]]


    Dated: November 9, 2021.
Rachel D. Levy,
Associate Chief Counsel (Employee Benefits, Exempt Organizations and 
Employment Taxes).
[FR Doc. 2021-25296 Filed 11-18-21; 8:45 am]
BILLING CODE 4830-01-P


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