IRS Rev. Rul.: Applicable Federal Rates for February 2025 (IRC §1274)

Various prescribed rates for federal income tax purposes for February 2025, the IRS released. Table 1 contains the short-term, midterm, and long-term applicable federal rates (AFR) for the current month for purposes of I.R.C. §1274(d). Table 2 contains the short-term, midterm, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of §1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in §382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in §42(b)(1) for buildings placed in service during the current month. However, under ...