New York Tax Department Announces Third Quarter 2026 Interest Rates for Refunds, Late Payments, Assessments

The New York Department of Taxation and Finance announced interest rates on overpayment and underpayment of taxes for the third quarter of 2026 for various tax types. For income tax refunds, the rate is 6 percent, while the rate is 9.5 percent for late payments and assessments. [N.Y. Dep’t of Tax’n and Fin., Interest Rates, 06/01/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.