IRS Interest rates remain the same for the second quarter of 2019

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The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019. The rates are:

• six (6) percent for individual overpayments (refunds)

• six (6) percent for individual underpayments (balance due)

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Source, at IRS.gov