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Increased rates of overpayment, underpayment interest for first quarter, 2019

Increased rates of overpayment, underpayment interest

The IRS today released an advance version of Rev. Rul. 2018-32 that provides the interest rates for underpayments and overpayments of tax for the first quarter of 2019.


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Rev. Rul. 2018-32 [PDF 279 KB] reflects increases in the percentage of interest rates that will apply for the first quarter of 2019 (beginning January 1, 2019).

The rates for the first calendar quarter beginning January 1, 2019, will be:

  • 6% for overpayments
  • 5% in the case of an overpayment of a corporation 
  • 3.5% for the portion of a corporate overpayment exceeding $10,000
  • 6% for underpayments
  • 8% for large corporate underpayments

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. The last increase of interest rates occurred in the second quarter of 2018.

Read a related IRS release—IR-2018-244 (December 6, 2018)

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