California interest rates remain the same for second half of 2020

By Payroll and Entitlements Editorial Staff

For taxes administered by the California Department of Tax and Fee Administration, the interest rates between July 1, 2020, and December 31, 2020, remain the same as the first half of the year. The interest rates for this time period are 8% for deficiencies or underpayments; and 2% for refunds or overpayments. (Interest Rates, California Department of Tax and Fee Administration, February 2020).

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