Railroad Retirement Tier 2 Max 2024

Railroad Retirement Tier 2 Max 2024. Therefore, this is the maximum amount of your earnings that will be subject to tier 2 taxes. Benefits are rounded down to the lower dollar.

The number of creditable service months from military service is added to the actual railroad service month total to calculate the tier 2 amount of the retirement estimate. Maximum taxable compensation for 2024 is $168,600 for tier 1 and $125,100 for tier 2.