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.
July 2020
Short-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 0.18% | 0.18% | 0.18% | 0.18% |
| 110% AFR | 0.20% | 0.20% | 0.20% | 0.20% |
| 120% AFR | 0.22% | 0.22% | 0.22% | 0.22% |
| 130% AFR | 0.23% | 0.23% | 0.23% | 0.23% |
Mid-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 0.45% | 0.45% | 0.45% | 0.45% |
| 110% AFR | 0.50% | 0.50% | 0.50% | 0.50% |
| 120% AFR | 0.54% | 0.54% | 0.54% | 0.54% |
| 130% AFR | 0.59% | 0.59% | 0.59% | 0.59% |
| 150% AFR | 0.68% | 0.68% | 0.68% | 0.68% |
| 175% AFR | 0.79% | 0.79% | 0.79% | 0.79% |
Long-Term AFRs
| Annual | Semi-Annual | Quarterly | Monthly | |
|---|---|---|---|---|
| AFR | 1.17% | 1.17% | 1.17% | 1.17% |
| 110% AFR | 1.29% | 1.29% | 1.29% | 1.29% |
| 120% AFR | 1.40% | 1.40% | 1.40% | 1.40% |
| 130% AFR | 1.53% | 1.52% | 1.52% | 1.52% |
