Notice2023-26101
Publication of the Tier 2 Tax Rates
Primary source
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 28, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
Publication of the tier 2 tax rates for calendar year 2024 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 88 Issue 227 (Tuesday, November 28, 2023)</title>
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[Federal Register Volume 88, Number 227 (Tuesday, November 28, 2023)]
[Notices]
[Page 83204]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-26101]
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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 2024 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 2024 apply to
compensation paid in calendar year 2024.
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 2024 under section
3201(b) on employees is 4.9 percent of compensation. The tier 2 tax
rate for 2024 under section 3221(b) on employers is 13.1 percent of
compensation. The tier 2 tax rate for 2024 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. 2023-26101 Filed 11-27-23; 8:45 am]
BILLING CODE 4830-01-P
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