Interest rates to remain the same for Q2 2021

March 5, 2021

Interest rates will remain the same for the second quarter of 2021, the IRS announced March 2.

The rates will be:

  • 3% for overpayments (2% in the case of a corporation);
  • 0.5% for the portion of a corporate overpayment exceeding $10,000;
  • 3% for underpayments; and
  • 5% for large corporate underpayments.

For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. Read more.

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