Idea Of The Day ^®

The IRS interest rates for underpayments and overpayments for the third quarter of 2025 beginning July 1, 2025, are unchanged from those in the second quarter. The rates are 7% for overpayments (payments made in excess of the amount owed), 6% for corporations, and 4.5% for the portion of a corporate overpayment exceeding $10,000. They are 7% for underpayments (taxes owed but not fully paid), and 9% for large corporate underpayments. Because these rates apply to underpayments of estimated taxes, pay attention to estimated tax payments due one week from now. #IdeaoftheDay