What is the AFR rate for 2015?
— Mid Term Rates for 2015 —
| Month | Annual | Quarterly |
|---|---|---|
| Sept. | 1.77% | 1.76% |
| Oct. | 1.67% | 1.66% |
| Nov. | 1.59% | 1.58% |
| Dec. | 1.68% | 1.67% |
What is the long-term AFR rate?
As of Dec. 2019, the IRS stated that the annual short-term AFR was 1.61%, the mid-term AFR was 1.69%, and the long-term AFR was 2.09%.
What is the long-term tax exempt rate?
Long-term
| Adjusted federal long-term rate for the current month | 1.22% |
|---|---|
| Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months.) | 1.22% |
What is the average AFR rate for 2020?
— Blended Annual Rates Under Section 7872 —
| Calendar Year | Blended Annual Rate |
|---|---|
| 2017 | 1.09% |
| 2018 | 2.03% |
| 2019 | 2.42% |
| 2020 | 0.89% |
What is the AFR rate for January 2021?
— Short Term Rates for 2021 —
| Month | Annual | Monthly |
|---|---|---|
| Jan. | 0.14% | 0.14% |
| Feb. | 0.12% | 0.12% |
| March | 0.11% | 0.11% |
| April | 0.12% | 0.12% |
What is the AFR for 2021?
0.6 percent
AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications. The Section 7520 interest rate for January 2021 is 0.6 percent.
What is the AFR rate for August 2021?
1.2 percent
The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for August 2021. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications. The Section 7520 interest rate for August 2021 is 1.2 percent.
What is IRS 2020 interest rate?
5%
IRS Penalty & Interest Rates
| Year | Qtr 1 1/1 – 3/31 | Qtr 2 4/1 – 6/30 |
|---|---|---|
| 2020 | 5% | 5% |
| 2019 | 6% | 6% |
| 2018 | 4% | 5% |
| 2017 | 4% | 4% |
What is adjusted AFR rate?
The applicable federal rate (AFR) is the interest rate that applies to personal loans. It is the minimum rate applicable to such loans under U.S. law. The applicable federal rate applies to loans where the interest rate is lower than the tax rate if the loan were to otherwise be income.
What is the AFR for January 2021?
The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for January 2021. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications. The Section 7520 interest rate for January 2021 is 0.6 percent.
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