Interest rates remain the same for 2nd quarter 2020
News
Monday, March 9, 2020

Interest rates remain the same for 2nd quarter 2020

By Payroll and Entitlements Editorial Staff

The IRS has announced that interest rates will remain the same for the second quarter of 2020, beginning April 1, 2020. The interest rates will be 5% for overpayments (4% in the case of a corporation) and underpayments, 7% for large corporate underpayments and 2.5% for the portion of a corporate overpayment exceeding $10,000. (IRS News Release IR-2020-46, February 28, 2020; Rev. Rul. 2020-17, IRB 2020-12, dated March 16, 2020.)

Back to Top

Interested in submitting an article?

Submit your information to us today!

Learn More