The Railroad Retirement Board reports it has adjusted benefits — effective with February benefits checks — for more than 140,000 beneficiaries to reflect new federal income tax withholding rates. The new rates comply with provisions of the congressionally passed Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The new rates apply to [...]
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RRB adjusts withholding for 140,000 annuitants
February 10, 2011
Filed Under: Alumni Association News, Amtrak/Commuter, Amtrak/Commuter News, News, Secretary & Treasurer Tagged With: benefits, railroad retirement board, rates, RRB, tax rates
Treasurers’ payroll tax update
January 11, 2011
Railroad Retirement, Social Security, Medicare and Railroad Unemployment Insurance payroll taxes have changed for 2011. Following are the tax rates: Railroad Retirement Tier I: Paid by employer: 6.20% on wages up to $106,800. Paid by employee: 4.2% on wages up to $106,800. Social Security (non-railroad employment): Paid by employer: 6.2% on wages up to $106,800. Paid [...]
Filed Under: Amtrak/Commuter, Amtrak/Commuter News, Aviation, Bus, Bus News, News, Secretary & Treasurer Tagged With: payroll taxes, Railroad Retirement, Social Security, tax, tax rates
