IRS interest rates remain the same for second quarter 2017

Practice Areas

Interest rates charged by the IRS on underpaid taxes and applied by the IRS on tax over payments will remain the same for the second quarter of 2017 (April 1 through June 30). Therefore, the rates will be as follows for individuals and corporations:

For individuals:

  • 4% charged on underpayments; 4% paid on over payments.

For corporations:

  • 4% charged on underpayments; 3% paid on over payments.
  • 6% charged on large corporate underpayments.
  • 5% paid on the portion of a corporate over payment exceeding $10,000.