IRS Rev. Rul.: Applicable Federal Rates for July 2023 (IRC §1274)

Prescribed rates for federal income tax purposes for July 2023, the IRS released June 15, including the applicable federal rates (AFR) under I.R.C. §1274(d); the adjusted AFR under §1288(b); the adjusted federal long-term rate and the long-term tax-exempt rate under §382(f); the appropriate percentages for determining the low-income housing credit under §42(b)(1); and the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest under §7520.
[Rev. Rul. 2023-12, 2023-27 I.R.B. __ (July 3, 2023)]

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