Tag: rate increase

  • Interest rates increase for the fourth quarter 2023

    Interest rates increase for the fourth quarter 2023

    R-2023-154, Aug. 25, 2023 WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Oct.1, 2023. For individuals, the rate for overpayments and underpayments will be 8% per year, compounded daily. Here is a complete list of the new rates: Under the Internal Revenue Code, the rate… Read more