Interest rates for the second quarter of 2023 will remain the same starting April 1, the IRS recently announced.
- 7% for overpayments (6% in the case of a corporation).
- 4.5% for the portion of a corporate overpayment exceeding $10,000.
- 7% for underpayments.
- 9% for large corporate underpayments.
The IRS computes the interest rates from the federal short-term rate determined during January 2023.