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IRS announces interest rates will decrease for the first quarter of 2025
IRS announces interest rates will decrease for the first quarter of 2025 On November 18th, the Internal Revenue Service announced that interest rates will decrease for the calendar quarter beginning January 1, 2025. The rates will be: • Seven (7) percent for individual overpayments (refunds) • Seven (7) percent for individual underpayments (balance due) Under the Internal Revenue Code, the rate of interest is determi...
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