INSIGHTS & IDEAS

IRS Interest Rates for Fourth Quarter 2020 Same as 3rd Quarter

The IRS announced interest rates for the third quarter 2020. The rates are:

  1. 3% for non-corporate underpayments and overpayments, 2% for corporate overpayments, 2.5% for corporation overpayments over $10,000;
  2. 3% for under estimated tax payments;
  3. 3% for corporate underpayments, and 5% for large corporate underpayments.


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