IRS interest rates increase for the third quarter of 2022
The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning July 1, 2022. The rates will be:
- 5% for overpayments (4% in the case of a corporation).
- 2.5% for the portion of a corporate overpayment exceeding $10,000.
- 5% for underpayments.
- 7% for large corporate underpayments.
Original Article Source Credits: IRS , https://www.irs.gov/
Article Written By: NA
Original Article Posted on: May 20, 2022
Link to Original Article: https://www.irs.gov/newsroom/irs-interest-rates-increase-for-the-third-quarter-of-2022