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IRS announces interest rates will increase for the fourth quarter of 2023
IRS announces interest rates will increase for the fourth quarter of 2023 The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning October 1, 2023. The rates are: • Eight (8) percent for individual overpayments (refunds) • Eight (8) percent for individual underpayments (balance due) Under the Internal Revenue Code, the rate of interest is determined on a quarterly bas...
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