Five-Minute Tax Briefing^®
July 28, 2015 – No. 2015-14

Applicable Federal Rates for August:  The Section 7520 rate for August 2015 is 2.2%, while the Applicable Federal Rates (AFRs) are as follows (Rev. Rul. 2015-16, 2015-31 IRB):

	Annual	Semi-annual	Quarterly	Monthly
Short-term (≤ 3 years)	0.48%	0.48%	0.48%	0.48%
Mid-term (> 3 years but ≤ 9 years)	1.82%	1.81%	1.81%	1.80%
Long-term (> 9 years)	2.82%	2.80%	2.79%	2.78%