The Internal Revenue Service announced the federal income tax withholding changes, effective 01/01/2025. The Standard Exemption based on Filing Status remains the same. The Per Exemption amount for pre-2020 W-4s remains at $4,300 per exemption. The withholding tables have changed for the standard withholding table as well as the alternate withholding table if Step 2 is indicated. These changes will also apply to Periodic Pension withholding. GPTCI-56212 https://www.irs.gov/pub/irs-pdf/p15t.pdf The Internal Revenue Service announced the federal income tax withholding changes for gaming profit distributions, effective 01/01/2025. The withholding tables have have been updated. GPTCI-56212 |
Railroad Tier 2 Taxable wage base has increased to $130,800.00 from $125,100.00 effective January 1, 2025. The tax rates remain unchanged.
Railroad Tier 1 SS and SS Sick Pay Taxable wage base has increased from $168,600.00 to $176,100.00 effective January 1, 2025. The tax rate remain unchanged.
Railroad Unemployment Retirement Tier 1 and Tier 2 earnings monthly limit has increased from $1,985.00 to $2,065.00 effective January 1, 2025. GPTCI-55886
https://www.rrb.gov/Employers/Publications/ProgramAndCircularLetters/PL25-01 |