IRS interest rates remain the same for second quarter 2017
Interest rates charged by the IRS on underpaid taxes and applied by the IRS on tax overpayments 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 overpayments.
- 4% charged on underpayments; 3% paid on overpayments.
- 6% charged on large corporate underpayments.
- 1.5% paid on the portion of a corporate overpayment exceeding $10,000.