U.S. Interest Rates Remain the Same for the Second Quarter of 2012

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2012-02-25

The Internal Revenue Service announced interest rates will remain the same for the calendar quarter beginning April 1. The rates will be:

• three percent for overpayments (two percent in the case of a corporation);
• three percent for underpayments;
• five percent for large corporate underpayments; and
• one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000.

The 3 percent rate also applies to estimated tax underpayments for the second calendar quarter in 2012, including the first 15 days of April.

Source: U.S. Internal Revenue Service

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