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:
- 4% charged on underpayments; 4% paid on over payments.
- 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.