Irs Interest Rates 2024 Afr. What is the applicable federal rate (afr) for october 2024? This revenue ruling provides various prescribed rates for federal income tax purposes for september 2024 (the current month).
The rates for interest determined under section 6621 of the code for the calendar quarter beginning april 1, 2024, will be 8 percent for overpayments (7 percent in the case of a. These rates are used for a number of different purposes under the internal revenue code, including the determinations of original issue discount and unstated interest and the gift tax.
