IRS Announces New Interest Rates


Rev Rul 2015-8, 2015-18 IRB


The Applicable Federal Rates for May 2015 are reproduced below.
Table 1
                Applicable Federal Rates (AFR) for May 2015
                          Period for Compounding
                Annual         Semiannual       Quarterly        Month
                                  Short-Term
     AFR         .43%           .43%             .43%             .43%
110% AFR         .47%           .47%             .47%             .47%
120% AFR         .52%           .52%             .52%             .52%
130% AFR         .56%           .56%             .56%             .56%
                                  Mid-Term
     AFR        1.53%          1.52%            1.52%            1.52%
110% AFR        1.68%          1.67%            1.67%            1.66%
120% AFR        1.83%          1.82%            1.82%            1.81%
130% AFR        1.99%          1.98%            1.98%            1.97%
150% AFR        2.29%          2.28%            2.27%            2.27%
175% AFR        2.68%          2.66%            2.65%            2.65%
                                  Long-Term
     AFR        2.30%          2.29%            2.28%            2.28%
110% AFR        2.54%          2.52%            2.51%            2.51%
120% AFR        2.77%          2.75%            2.74%            2.73%
130% AFR        3.00%          2.98%            2.97%            2.96%
Table 2
                         Adjusted AFR for May 2015
                          Period for Compounding
                   Annual         Semiannual        Quarterly        Monthly
Short-term
adjusted AFR        .43%            .43%              .43%            .43%
Mid-term
adjusted AFR       1.43%           1.42%             1.42%           1.42%
Long-term
adjusted AFR       2.30%           2.29%             2.28%           2.28%
Table 3
                    Rates Under Section 382 for May 2015
Adjusted federal long-term rate for the current month                  2.30%
Long-term tax-exempt rate for ownership changes during the current
month (the highest of the adjusted federal long-term rates for the
current month and the prior two months)                                2.47%
Table 4
                Appropriate Percentages Under Section 42(b)(1)
                                for May 2015**
Appropriate percentage for the 70% present value low-income
housing credit                                                         7.44%
Appropriate percentage for the 30% present value low-income
housing credit                                                         3.19%

Table 5
                    Rate Under Section 7520 for May 2015
Applicable federal rate for determining the present value of an
annuity, an interest for life or a term of years, or a remainder or
reversionary interest                                                  1.8%



Full IRS PDF

Popular posts from this blog

Trump's tax plan

New Jersey Division of Taxation Closes Restaurant - leaving employees and customers stuck

115th Congress - Will we get Tax Reform and Simplification?