Brothers &amp; Sisters:<br /> <br />Important information from Amtrak enclosed.<br /> <br />Fraternally,<br /> <br /> <br /> <br />Dirk A. Sampson<br />General Chairman, GO-769<br />SMART - Transportation Division<br />1515 Market Street, Suite 708<br />Philadelphia, PA 19102<br />Phone: 215-564-1750<br />Fax: 215-665-8196<br />email: Dsampson@smarttd769.org <br /> <br /> <br /><br /><br />Begin forwarded message:<br /> <br /> <br />From: Employee Communications <br />Sent: Tuesday, January 30, 2018 9:15 AM<br />Subject: Payroll Update—2018 Tax Reform<br /> <br /> <br />January 30, 2018 <br /> <br />Payroll Update—2018 Tax Reform<br /> <br />Paychecks starting in February 2018 will reflect the new federal tax withholding rates. <br />The new federal tax withholding rates for 2018 have been implemented in our payroll system (SAP). These withholding tax rate changes will be reflected in your Feb. 9 paycheck. The tax reform that was passed this past December may result in your paying less federal income taxes. As this withholding tax change became effective Jan. 1, 2018, our system will review and recalculate taxes previously withheld and adjust accordingly for alignment with the new rates, which may further reduce your tax withholding on the Feb. 9 paycheck. The new withholding tax rates can be found on the Internal Revenue Service website. <br /> <br />In addition, the Supplemental Tax Rate on bonuses and other incentive payments has decreased from 25% to 22%. <br /> <br />Federal Tax Form W-4 <br />2018 W-4 forms are currently under revision by the Internal Revenue Service. Until the new form is made available, please continue to submit the 2017 Form W-4 for any taxes changes in 2018. <br /> <br />2018 Railroad Retirement TIER I Earnings Base and Tax Rates <br />• Annual Maximum Base - $128,400.00, an increase of $1,200.00 (2017 max was $127,200.00) <br />• Employee and Employer Rate – 6.2% (no change in rate from 2017) <br />• Maximum Tax Payable by Employee &amp; Employer - $7,960.80, an increase of $74.40 (2017 max was $7,886.40) <br /> <br />2018 Railroad Retirement TIER II Earnings Base and Tax Rates <br />• Annual Maximum Base - $95,400.00, an increase of $900.00 (2017 max was $94,500.00) <br />• Employee Tax Rate – 4.9%/Maximum Tax Payable by Employee - $4,674.60 (no change in rate, 2017 max was $4,630.50) <br /> <br />• Employer Tax Rate – 13.1%/Maximum Tax Payable by Employer - $12,497.40 (no change in rate, 2017 max was $12,379.50)<br /> <br />2018 Medicare Hospital Insurance Earnings Base and Tax Rates <br />• Annual Maximum – No Limit (no change from 2017) <br />• Employee &amp; Employer Tax Rate – 1.45% (no change from 2017) <br />• Additional Employee taxes are 0.9% of Earnings above $200,000.00 (no change from 2017) <br /> <br />2017 W-2s <br />W-2s for 2017 will be mailed out to your home address by Jan. 31, 2018 through our vendor ADP. <br /> <br />You can also go to the myALINE website by ADP at https://my.adp.com to print your W-2 as well as paycheck stubs. Anyone who hasn’t registered can go to the above website and click Register for myALINE. The registration code is NRP1-online. <br /> <br />For any questions, please contact the Payroll department at 1-866-247-2915 or by email at Payroll@Amtrak.com.<br />