The Internal Revenue Service (IRS) has announced that the interest rates for the third quarter of 2025, starting on July 1, 2025, will remain unchanged, reflecting a downward adjustment in U.S. interest rates. The IRS updates the applicable interest rates on a quarterly basis.
Below is the updated list of rates:
- Interest rate on individual tax refunds: 7%
- Interest rate on corporate tax refunds: 6%
- Interest rate on the portion of corporate refunds exceeding $10,000: 4.5%
- Interest rate on tax underpayments by individuals and small businesses: 7%
- Interest rate on tax underpayments by large corporations (assets over $10 million): 9%
USCPA Sophie Luo (羅霞) reminds you that even with the rate reductions starting January 1, 2025, the 7% interest rate remains relatively high. To avoid unnecessary interest charges, please ensure timely tax payments.
Source of data:https://www.irs.gov/newsroom/interest-rates-decrease-for-the-first-quarter-of-2025
If you have any questions or need further help,
please contact us at the USCPA Sophie Luo (羅霞) +886 980919600
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