Federal Rates for August
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% |