Irs Interest Rates 2024 Afr. Various prescribed rates for september 2024 for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal. For loans over usd 10,000, you must charge at least the afr to avoid gift tax implications.
The rates for interest determined under section 6621 of the code for the calendar quarter beginning january 1, 2024, will be 8 percent for overpayments (7 percent in the case of a corporation), 8 percent for. Irs updates applicable federal rates (afr):