The IRS has released the Applicable Federal Rates under Sec. 1274(d) of the Internal Revenue Code for June 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
|
5.12% | 5.06% | 5.03% | 5.01% |
|
Mid-term
|
4.66% | 4.61% | 4.58% | 4.57% |
|
Long-term
|
4.79% | 4.73% | 4.70% | 4.68% |
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