IRS issues 2020 Tier 2 tax rates
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Monday, December 2, 2019

IRS issues 2020 Tier 2 tax rates

By Payroll and Entitlements Editorial Staff

The Tier 2 tax rate for 2020 under section 3201(b) on employees is 4.9% of compensation. The Tier 2 tax rate for 2020 under section 3221(b) on employers is 13.1% of compensation. The tier 2 tax rate for 2020 under section 3211(b) on employee representatives is 13.% of compensation. (IRS Notice: Publication of the Tier 2 Tax Rates, November 22, 2019.)

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