[Federal Register Volume 85, Number 232 (Wednesday, December 2, 2020)]
[Notices]
[Page 77486]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26559]


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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 2021 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 2021 apply to 
compensation paid in calendar year 2021.

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).

SUPPLEMENTARY INFORMATION: TIER 2 TAX RATES: The tier 2 tax rate for 
2021 under section 3201(b) on employees is 4.9 percent of compensation. 
The tier 2 tax rate for 2021 under section 3221(b) on employers is 13.1 
percent of compensation. The tier 2 tax rate for 2021 under section 
3211(b) on employee representatives is 13.1 percent of compensation.

    Dated: November 20, 2020.
Rachel D. Levy,
Associate Chief Counsel (Employee Benefits, Exempt Organizations and 
Employment Taxes).
[FR Doc. 2020-26559 Filed 12-1-20; 8:45 am]
BILLING CODE 4830-01-P