AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice.
SUMMARY:
Publication of the tier 2 tax rates for calendar year 2019 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 2019 apply to compensation paid in calendar year 2019.
FOR FURTHER INFORMATION CONTACT:
Kathleen Edmondson, CC:TEGE:EOEG: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 2019 under section 3201(b) on employees is 4.9 percent of compensation. The tier 2 tax rate for 2019 under section 3221(b) on employers is 13.1 percent of compensation. The tier 2 tax rate for 2019 under section 3211(b) on employee representatives is 13.1 percent of compensation.
Dated: November 14, 2018.
Victoria A. Judson,
Associate Chief Counsel (Tax Exempt and Government Entities).
[FR Doc. 2018-25459 Filed 11-21-18; 8:45 am]
BILLING CODE 4830-01-P