IRS Issues Revenue Ruling Providing July 2026 Federal Interest Rates

The IRS issued revenue ruling providing the prescribed federal interest rates for July 2026 for various federal income tax purposes. The ruling sets the applicable federal rates (AFRs) under I.R.C. §1274(d), adjusted AFRs under I.R.C. §1288(b), the long-term tax-exempt rate and other rates under I.R.C. §382(f), the appropriate percentages for low-income housing tax credits under I.R.C. §42(b)(1), the federal rate under I.R.C. §7520 used for present value calculations, and the blended annual rate under I.R.C. §7872. These rates apply to transactions and calculations for July 2026. [Rev. Rul. 2026-12, 06/15/26]

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