Section 2302 of the Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows a railroad employee representative to defer the payment of Tier 1 tax that is equivalent to the employer share of social security tax. That is, a railroad employee representative can defer up to 50% of the amount reported on Form CT-2, line 1). The deferral applies to payments of the Tier 1 tax that is equivalent to the employer share of social security tax that would otherwise be required to be made during the period beginning on March 27, 2020, and ending December 31, 2020. Form CT-2 for tax year 2020 will not be revised to reflect the deferred amount of Tier 1 tax. Therefore, the railroad employee representative should include a statement with each Form CT-2 that identifies the amount of Tier 1 tax equivalent to the employer share of social security tax that is deferred under section 2302 of the CARES Act. For more information, go to IRS.gov/ETD. For additional information on COVID-19 related tax relief, including news releases, frequently asked questions, and guidance published in the Internal Revenue Bulletin, go to IRS.gov/COVID19guidance.