On May 16, the IRS announced the applicable federal rates for June 2019 in Rev.Rul. 2019-14. The Section 7520 rate remains at 2.8% (still a good time to consider GRATs). The annual short-term, midterm and long-term rates are up slightly to 2.37%, 2.38% and 2.76%. That Revenue Ruling can be found here: https://www.irs.gov/pub/irs-drop/rr-19-14.pdf
Category: AFR
Applicable Federal Rates for April 2019 – What Will May Bring?
On March 18, 2019, the IRS released the AFRs for April. The Section 7520 rate is 3.0%, down from 3.2% in February and March, and even lower than the 3.4% rate in January. The annual short-term, midterm and long-term rates are 2.52%, 2.55% and 2.89%. The Section 382 adjusted long-term rate is 2.19% and the…
Applicable Federal Rates for January
Every month, IRS and the Treasury issue a Revenue Ruling listing the “applicable federal rates” (“AFRs”) for the next month. In Rev.Rul. 2019-3, 2019-IRB (https://www.irs.gov/pub/irs-drop/rr-19-03.pdf), the January annual short-term, mid-term and long-term rates are set at 2.72%, 2.89% and 3.15%, respectively. The 7520 rate is 3.4%, down from 3.6% in November and December, and…
March Applicable Federal Rates Go Down
The rates went down for March. The 7520 rate, used extensively in estate planning, dropped from 2.0% to 1.8%, down from 2.2% the month before. The mid-term AFR is down to 1.47%, a drop from 1.70% last month.
February Applicable Federal Rates
The rates stayed low for this month. The 7520 rate used extensively in estate planning is at 2.0%, down from 2.2% last month. The mid-term AFR is down to 1.70%.
December Applicable Federal Rates
December Applicable Federal Rates. The rates stayed low for this month. The 7520 rate used in estate planning extensively is at 2.0%. Surprisingly, that is down 0.2% from the prior several months. The mid-term AFR is also down significantly to 1.72%. Last month it was 1.9%.