author_orbitax
Orbitax

Share This Article

U.S. Interest Rates on Overpaid and Underpaid Tax Unchanged for Q2 2025

10 March 2025

|

Approved Changes

|

United States

The U.S. IRS has announced the interest rates for overpaid and underpaid tax for the calendar quarter beginning 1 April 2025, which are unchanged from the previous quarter. The rates are 7% for both overpayments and underpayments by individuals, and 6% and 7% for corporate overpayments and underpayments, respectively. The rate for corporate overpayments exceeding USD 10,000 in a tax period is 4.5% on the portion exceeding that amount, and the rate for large corporate underpayments exceeding USD 100,000 is 9%. Revenue Ruling 2025-7, which includes the new interest rates and past rates, will be published in Internal Revenue Bulletin...