Publication of the Tier 2 Tax Rates

Federal Register, Volume 78 Issue 229 (Wednesday, November 27, 2013)

Federal Register Volume 78, Number 229 (Wednesday, November 27, 2013)

Notices

Page 71039

From the Federal Register Online via the Government Printing Office www.gpo.gov

FR Doc No: 2013-28532

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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 2014 as required by section 3241(d) of the Internal Revenue Code (26 U.S.C. section 3241). 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 2014 apply to compensation paid in calendar year 2014.

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 2014 under section 3201(b) on employees is 4.4 percent of compensation. The tier 2 tax rate for 2014 under section 3221(b) on employers is 12.6 percent of compensation. The tier 2 tax rate for 2014 under section 3211(b) on employee representatives is 12.6 percent of compensation.

Dated: November 21, 2013.

Victoria A. Judson,

Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities).

FR Doc. 2013-28532 Filed 11-26-13; 8:45 am

BILLING CODE 4830-01-P