Interest Rates for the Second Quarter of 2025

Effective April 1, 2025, the interest rate will be 7% for overpayments (or 6% for corporations), 7% for underpayments, and 9% for large corporate underpayments. For corporate overpayments exceeding $10,000, the interest rate will be 4.5%. These rates impact the calculations for late payments, refunds, and amended returns, and are unchanged from the prior quarter.

Understanding IRS interest rates is crucial for tax compliance. Contact Frost Law today for help navigating overpayments and underpayments.