The Massachusetts Department of Revenue March 4 published a technical information release announcing the quarterly interest rate on overpayments and underpayments of taxes, for the second quarter of 2024. The release includes: 1) the interest rate remains at 7 percent for overpayments; and 2) the interest rate remains at 9 percent for underpayments. The rates apply to corporate income, individual income, sales and use, property, trust income, estate, and excise taxes. The release also includes historical interest rates from 2013 through 2023. [Mass. Dep’t of Revenue, Tech. Info. Release TIR 24-2, 03/04/24]
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