Florida DOR Issues Information on Floating Rate of Interest

The Florida Department of Revenue (DOR) May 15 issued information on the floating rate of interest on underpayments, late payments, and overpayments of taxes and fees for the period July 1 through Dec. 31. The information includes: 1) an interest rate of 12 percent; 2) the rates of interest for deficiencies and late payments of tax; 3) instructions for calculating interest due on tax returns; 4) the rates of interest for overpayments of tax; and 5) a list of taxes that the interest rates apply to. [Fla. Dep’t of Revenue, Tax Info. Publ’n 24ADM-01, 05/15/24]

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