Third-Quarter Interest Rates Stay the Same

The IRS has released the interest rates on tax overpayments and underpayments for the third quarter of 2018.

The interest rates on overpayments will be 5 percent for individuals and 4 percent for corporations. Corporate overpayments exceeding $10,000 will have a 2.5 percent interest rate. The rate charged on underpayments will be 5 percent; though large corporate underpayments will be charged 7 percent.

Contact your Beene Garter professional to learn more.