| CN/WISCONSIN CENTRAL GENERAL COMMITTEE OF ADJUSTMENT Facts on your Railroad Retirement payroll deductions |
| 2025 DEDUCTION RATES |
Tier I Maximum on 2025 Earnings: $176,100.00
Tier II Maximum on 2025 Earnings: $130,800.00
Employees Tier I Deduction is 6.2% or $10,918.20 maximum.
Employees Tier II Deduction is 4.9% or $6,409.20 maximum.
Employees Medicare Deduction is 1.45% with no maximum.
Details on 2025 Rates are available on this link:
https://www.rrb.gov/Benefits/Forms/G-34
Tier II Maximum on 2025 Earnings: $130,800.00
Employees Tier I Deduction is 6.2% or $10,918.20 maximum.
Employees Tier II Deduction is 4.9% or $6,409.20 maximum.
Employees Medicare Deduction is 1.45% with no maximum.
Details on 2025 Rates are available on this link:
https://www.rrb.gov/Benefits/Forms/G-34
| 2024 DEDUCTION RATES |
Tier I Maximum on 2024 Earnings: $168,600.00
Tier II Maximum on 2024 Earnings: $118,800.00
Employees Tier I Deduction is 6.2% or $10,453.20 maximum.
Employees Tier II Deduction is 4.9% or $6,129.90 maximum.
Employees Medicare Deduction is 1.45% with no maximum.
If your W-2's show that you exceed the Tier I & Tier II maximum
tax rate for 2024, then you are entitled to a refund.
How is it possible I exceeded these maximums?
Example 1: Your are a BLET union representative and draw
a salary or lost time wages from your union. Your combined
totals from your 2024 W-2's exceed Tier I and/or Tier II
maximums. Your entitled to a refund for those exceeded
amounts. Tier I refunds are to be claimed on your I.R.S.
Form 1040. Tier II refunds are to be claimed on I.R.S.
Form 843.
Example 2: You worked for two different railroads during tax
year 2024. Your combined totals from your 2024 W-2's exceed
Tier I and/or Tier II maximums. Your entitled to a refund for
those exceeded amounts. Tier I refunds are to be claimed
on your I.R.S. Form 1040. Tier II refunds are to be claimed on
I.R.S. Form 843.
For more information, consult with your local tax advisor or
the Internal Revenue Service and the Railroad Retirement
Board.
For more information and a link to the current IRS form 843 click here.
Tier II Maximum on 2024 Earnings: $118,800.00
Employees Tier I Deduction is 6.2% or $10,453.20 maximum.
Employees Tier II Deduction is 4.9% or $6,129.90 maximum.
Employees Medicare Deduction is 1.45% with no maximum.
If your W-2's show that you exceed the Tier I & Tier II maximum
tax rate for 2024, then you are entitled to a refund.
How is it possible I exceeded these maximums?
Example 1: Your are a BLET union representative and draw
a salary or lost time wages from your union. Your combined
totals from your 2024 W-2's exceed Tier I and/or Tier II
maximums. Your entitled to a refund for those exceeded
amounts. Tier I refunds are to be claimed on your I.R.S.
Form 1040. Tier II refunds are to be claimed on I.R.S.
Form 843.
Example 2: You worked for two different railroads during tax
year 2024. Your combined totals from your 2024 W-2's exceed
Tier I and/or Tier II maximums. Your entitled to a refund for
those exceeded amounts. Tier I refunds are to be claimed
on your I.R.S. Form 1040. Tier II refunds are to be claimed on
I.R.S. Form 843.
For more information, consult with your local tax advisor or
the Internal Revenue Service and the Railroad Retirement
Board.
For more information and a link to the current IRS form 843 click here.
