IRS Issues Revenue Ruling on Monthly Prescribed Interest Rates for April 2026

The IRS issued revenue ruling providing various prescribed interest rates for federal income tax purposes for April 2026. The ruling establishes applicable federal rates under I.R.C. §1274(d), adjusted applicable federal rates under I.R.C. §1288(b), rates under I.R.C. §382(f), appropriate percentages for low-income housing credits under I.R.C. §42(b)(1), and federal rates under I.R.C. §7520 for determining present values of annuities and life interests. [IRS Rev. Rul. 2026-7, 03/16/26]

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