For all of 2024, the IRS interest rate on overpayments and underpayments by individuals was 8%. For January 1, 2025, through March 31, 2025, the rate is 7%. The rate for large corporate underpayments will be 9%; it’s 4.5% on the portion of corporate overpayments exceeding $10,000. Check the final installment of estimated tax for 2024 to avoid underpayment penalties. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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