IRS Interest Rates to Drop for the First Time in 5 Years

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IRS Interest Rates to Drop for the First Time in 5 Years

Internal Revenue Service headquarters — Pamela Au / Shutterstock.com

The penalty for underpaying your taxes is about to fall for the first time since 2020. The IRS has announced that the interest rates it charges for underpayments will decrease for the first quarter of 2025 — Jan. 1 through March 31. The rates the federal agency pays for overpayments also will fall. (Yes, if you pay more in federal income taxes than you owed, the government owes you interest on…

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IRS Interest Rates to Drop for the First Time in 5 Years

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Select a plan

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IRS Interest Rates to Drop for the First Time in 5 Years

Latest articles

9 Things You Must Do Before the Next Recession

How It Differs From Regular Store?

Switzerland Central Bank says ready to support Credit Suisse

8 Ways To Get a Free Subway Gift Card

More like this

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GOP presidential candidate blames Silicon Valley bank failure

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