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.