MHFA | Interest Rates Holding Steady for Q2
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Interest Rates Holding Steady for Q2

Beginning April 1, 2017 for the duration of the quarter, the IRS announced that interest rates will remain at 4% for over-payments and underpayments.

 

In regard to corporations, interest rates will be:

  • 4 percent for over-payments [3 percent in the case of a corporation]
  • 1.5 percent for the portion of a corporate over-payment exceeding $10,000
  • 4 percent for underpayments; and
  • 6 percent for large corporate underpayment

 

For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.