Notice2024-27487
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 25, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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.
Full Text
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<title>Federal Register, Volume 89 Issue 227 (Monday, November 25, 2024)</title>
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[Federal Register Volume 89, Number 227 (Monday, November 25, 2024)]
[Notices]
[Pages 93036-93037]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-27487]
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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 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: Kathleen Edmondson, CC:EEE:EOET:ET1,
Internal Revenue
[[Page 93037]]
Service, 1111 Constitution Avenue NW, Washington, DC 20224, telephone
number (202) 317-6798 (not a toll-free number).
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
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