Each month, the IRS provides various prescribed rates for federal income tax purposes.
These rates, known as Applicable Federal Rates, or AFRs, are regularly published as Revenue Rulings.
December 2019
Short-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 1.61% | 1.60% | 1.60% | 1.59% |
| 110% AFR | 1.77% | 1.76% | 1.76% | 1.75% |
| 120% AFR | 1.93% | 1.92% | 1.92% | 1.91% |
| 130% AFR | 2.09% | 2.08% | 2.07% | 2.07% |
Mid-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 1.69% | 1.68% | 1.68% | 1.67% |
| 110% AFR | 1.86% | 1.85% | 1.85% | 1.84% |
| 120% AFR | 2.03% | 2.02% | 2.01% | 2.01% |
| 130% AFR | 2.19% | 2.18% | 2.17% | 2.17% |
| 150% AFR | 2.54% | 2.52% | 2.51% | 2.51% |
| 175% AFR | 2.96% | 2.94% | 2.93% | 2.95% |
Long-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 2.09% | 2.08% | 2.07% | 2.07% |
| 110% AFR | 2.30% | 2.29% | 2.28% | 2.28% |
| 120% AFR | 2.52% | 2.50% | 2.49% | 2.49% |
| 130% AFR | 2.72% | 2.70% | 2.69% | 2.68% |
