Justin Timberlake and Jay-Z Filming Suit and Tie

Justin Timberlake and Jay-Z Let Loose on the Set of "Suit & Tie"

Jay-Z and Justin Timberlake suited up to film "Suit & Tie" in LA.

Justin Timberlake and Jay-Z laughed as they left the set of a video shoot in LA this afternoon. They were both decked out in appropriate attire to film the video for their new "Suit & Tie" song and joked around in between takes. The track, which is Justin's first since 2007, was released last week and followed up by a lyric video on Thursday. We'll get to hear more from Justin in March, when his latest album, The 20/20 Experience, hits shelves. First, though, JT will make an appearance as a presenter at Sunday's SAG Awards — we'll be LIVE on the red carpet, so make sure to tune in right here starting at 6 p.m. EST/3 p.m. PST.