The IRS has released (Rev. Rul. 2024-03) the Applicable Federal Rates under Sec. 1274(d) of the Internal Revenue Code for February 2024. These rates are used for various tax purposes, including minimum rates for loans.
|
The AFRs
are as follows |
Annual
|
Semi-annual
|
Quarterly
|
Monthly
|
|
Short-term
|
4.68% | 4.63% | 4.60% | 4.59% |
|
Mid-term
|
3.98% | 3.94% | 3.92% | 3.91% |
|
Long-term
|
4.18% | 4.14% | 4.12% | 4.10% |
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