IRS Issues Revenue Ruling on Monthly Prescribed Interest Rates For May 2026

The IRS has issued revenue ruling providing various prescribed interest rates for federal income tax purposes for May 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) for ownership changes, 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. 2026-9, 04/30/26]

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