Interest rates remain the same for 1st quarter 2021
News
Monday, December 7, 2020

Interest rates remain the same for 1st quarter 2021

By Payroll and Entitlements Editorial Staff

The IRS has announced that interest rates will remain the same for the first quarter of 2021, beginning January 1, 2021. The interest rates will be 3% for overpayments (2% in the case of a corporation) and 3% for underpayments, (5% for large corporate underpayments) and 0.5% for the portion of a corporate overpayment exceeding $10,000. (IRS News Release IR-2020-270, December. 3, 2020; Rev. Rul. 2020-2, December 3, 2020).

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More