IRS releases 1st quarter 2025 rates on tax overpayments, underpayments
Posted by DaveMoll on Dec. 19, 2024 / Subscribe 0
The IRS has announced that the interest rates for the calendar quarter beginning January 1, 2025 will be: 7% for noncorporate tax overpayments and underpayments, 6% for corporate tax overpayments, 7% for corporate tax underpayments, 9% for large corporate tax underpayments, and 4.5% for the portion of a corporate tax overpayment exceeding $10,000. These rates have decreased from the previous quarter.
IRS Rev. Rul. 2024-25, I.R.B. 2024-49, December 2, 2024.
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