May-13-2025 - IRS interest rates remain the same for the third quarter of 2025, beginning July 1. The regular non-corporate underpayment and overpayment interest rates remain 7%. See Revenue Ruling 2025-11.
Mar-12-2025 - IRS interest rates remain the same for the second quarter of 2025, beginning April 1. The regular non-corporate underpayment and overpayment interest rates remain 7%. See Revenue Ruling 2025-07.
Nov-21-2024 - IRS interest rates are reduced for the first quarter of 2025 beginning January 1. The regular non-corporate underpayment and overpayment interest rates will be 7%. See Revenue Ruling 2024-25.
Aug-22-2024 - IRS interest rates remain the same for the fourth quarter of 2024 beginning October 1. The regular non-corporate underpayment and overpayment interest rates remain 8%. See Revenue Ruling 2024-18.
May-13-2024 - IRS interest rates remain the same for the third quarter of 2024 beginning July 1. The regular non-corporate underpayment and overpayment interest rates remain 8%. See Revenue Ruling 2024-11.
Feb-21-2024 - IRS interest rates remain the same for the second quarter of 2024 beginning April 1. The regular non-corporate underpayment and overpayment interest rates remain 8%. See Revenue Ruling 2024-6.
Nov-21-2023 - IRS interest rates remain the same for the first quarter of 2024 beginning January 1. The regular non-corporate underpayment and overpayment interest rates remain 8%. See Revenue Ruling 2023-22.
Nov-10-2023 - IRS announced the 2024 inflation factors in Revenue Procedure 2023-34. The 2024 basic exclusion amount for determining the amount of unified credit is $13,610,000, and the "2-percent portion" under section 6601(j) is $1,850,000. The amount of tax deferred at the 2% rate is $740,000.
Aug-25-2023 - IRS interest rates increase for the fourth quarter of 2023 beginning October 1. The regular non-corporate underpayment and overpayment interest rates increase to 8%. See Revenue Ruling 2023-17.