Interest rates for the second quarter of 2022 will increase starting April 1, the IRS recently announced.
The rates will be:
- 4% for overpayments (3% in the case of a corporation);
- 1.5% for the portion of a corporate overpayment exceeding $10,000;
- 4% for underpayments; and
- 6% for large corporate underpayments.