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 29, 2022

Issuing agencies

Treasury DepartmentInternal Revenue Service

Abstract

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 funding for benefits under the Railroad Retirement Act.

Full Text

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<title>Federal Register, Volume 87 Issue 228 (Tuesday, November 29, 2022)</title>
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[Federal Register Volume 87, Number 228 (Tuesday, November 29, 2022)]
[Notices]
[Pages 73395-73396]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-26004]


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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 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


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