Railroad Retirement 2020 Tax Rates:
- Tier I Tax for 2020: maximum amount of employee's earnings subject to Tier I railroad retirement taxes $137,700
- Tier II Tax for 2020: maximum amount of earnings subject to railroad retirement tier II taxes $102,300
Below is the RRB News letter giving full explanation of Tier I and II railroad retirement taxes.
For more info on your Railroad Retirement Beneits, visit the RRB website: www.rrb.gov