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IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments
IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments
Authored by Naveen Athrappully via The Epoch Times,
The Internal Revenue Service has announced interest rates for tax underpayments and overpayments for the fourth quarter of 2026, keeping them at 7 percent for individual taxpayers.
The Internal Revenue Service in Washington on Jan. 6, 2026. Madalina Kilroy/The Epoch Times
When taxpayers do not pay taxes, penalties, and other charges on time, the IRS charges interest on the underpayment. Conversely, when taxpayers pay more tax than they actually owe, the agency pays interest on...
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