CT-2 - Form CT-2（Rev. March 2024）- Employee Representative's Quarterly Railroad Tax Return

Sep 19, 2026

Employee Representative's Quarterly Railroad Tax Return (Form CT-2) used to report railroad retirement taxes on compensation received by employee representatives. The form calculates Tier 1 and Tier 2 taxes using specified 2024 tax rates and compensation bases, including Tier 1 Medicare tax and 0.9% Additional Medicare Tax on compensation over $200,000. Instructions summarize purpose, tax components, and filing requirements, with guidance to complete both copies, file the duplicate with the original, and use IRS resources for updates.

LanguageEnglish

CategoryForms

FormatPDF

Pages3

Reading Time1 min

AccessFree to download

Purpose of Form

Railroad retirement taxes

What's New

2024 tax rates and compensation bases

Reminders

Tier 1 Additional Medicare Tax

Who Must File

Filing requirement for employee representatives

| CT-2
Fom
(Rev.March 2024)
Department of the Treasury
Intemal Revenue Service | Employee Representative's Quarterly Railroad Tax Return
Complete both copies of Form CT-2.
Go to www.irs.gov/CT2 for the latest information. | | OMB No.1545-0002 | | --- | --- | --- | --- | | Taxable compensation paid during this quarter subject to Tier 1 tax .$___
×12.4%(0.124)
2 Taxable compensation paid during this quarter subject to Tier 1
×2.9%(0.029)
Medicare tax . . . . . ..
3 Taxable compensation paid during this quarter subject to Tier 1
..$_
△dditional Mericare Tax . . . . . . .
×0.9%(0.009)
4 Taxable compensation paid during this quarter subject to Tier 2 tax .$
×13.1%(0.131)
5 Credit(attach explanation in duplicate)...
6 Total taxes for quarter (add lines 1 through 4;subtract line 5).See instructions for payment details | | 1 | | | | | 2 | | | | | 3 | | | | | 4 | | | | | 5 | | | | | 6 | | Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge andbeifit is true,correct,and complete.Declaration of preparer (other than taxpayer)is based on all nformation of which preparer has any knowledge. Signature Date | Pay by
EFTPS or
Enclose
Your
Check or
Money
Order | | | | | | | T | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | FF | | | | | | | | | | FP | | | | | | | | | | I | | | | Employee representative's name,address,and social security number,and name
of organization represented. | | | Return for Calendar Quarter
(Months and year) | | | T | | | | | | | | | | ORIGINAL | | | Paid
Preparer
Use Only | | Print/Type preparer's name | Preparer's signature | | Date | Check□ if
self-employed | | PTIN | | | | | | | | | | | | | | Firm's name | | | | Firm's EIN | | | | | | Firm's address | | | | Phone no. | | | Form CT-2(Rev.3-2024) For Privacy Act and Paperwork Reduction Act Notice,see page 3. Cat.No.16030S Don't cut or separate the forms on this page. | CT-2
Form
(Rev.March 2024)
Department of the Treasury
ntemal Revenue Service | Employee Representative's Quarterly Railroad Tax Return | | OMB No.1545-0002 | | --- | --- | --- | --- | | Taxable compensation paid during this quarter subject to Tier 1 tax .$_________
×12.4%(0.124)
2 Taxable compensation paid during this quarter subject to Tier 1
......$_____ ___
Modicare tax . . .
×2.9%(0.029)
3 Taxable compensation paid during this quarter subject to Tier 1
×0.9%(0.009)
Additional Medicare Tax. .. . . .
4 Taxable compensation paid during this quarter subject to Tier 2 tax .$___ ×13.1%(0.131)
5 Credit(attach explanation in duplicate). . .
6 Total taxes for quarter (add lines 1 through 4;subtract line 5).See instructions forpayment details | | 1 | | | | | 2 | | | | | 3 | | | | | 4 | | | | | 5 | | | | | 6 | | File this DUPLICATE copy with the ORIGINAL return. | | | DUPLICATE | | --- | --- | --- | | Employee representative's name,address,and social security number,and name of organization
represented exactly as shown on ORIGINAL above. | Return for Calendar Quarter
(Months and year) | | Form CT-2(Rev.3-2024) Cat.No.16030S For Privacy Act and PaperworkReduction Act Notice,see page 3. Section references are to the Internal Revenue Code unlessotherwise noted. # Future Developments For the latest information about developments related to FormCT-2 and its instructions,such as legislation enacted after theywere published,go to www.irs.gov/CT2. # W

FAQs

What is the purpose of Form CT-2?

Form CT-2 reports railroad retirement taxes imposed on compensation received by employee representatives. It explains how Tier 1 and Tier 2 taxes apply to different compensation amounts.

Which taxes and rates are used for 2024 in this form?

The Tier 1 tax rate is 12.4% with a $168,600 compensation base. Tier 1 Medicare tax is 2.9%, and Tier 1 Additional Medicare Tax is 0.9% on compensation over $200,000. The Tier 2 tax rate is 13.1% with a $125,100 compensation base.

When do employee representatives need to file Form CT-2?

Employee representatives must file Form CT-2 for the first quarter in which they are paid taxable compensation subject to railroad retirement taxes. The form covers a return for the calendar quarter (months and year).

Sep 19, 2026

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