Irs Interest Rates 2024. The rates for interest determined under section 6621 of the code for the calendar quarter beginning april 1,. Pursuant to internal revenue code 7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded.
The likelihood of lower interest rates has spurred rallies in equity markets, although uncertainty about the timing of interest rate reduction is reflected in. As of january 2024, interest rates for tax underpayments of general corporation tax (gct), unincorporated business tax (ubt), banking corporation tax (bct), and.