IRS Rev. Rul.: Applicable Federal Rates for June 2024 (IRC §1274)

Various prescribed rates for federal income tax purposes for June 2024, the IRS provided. Table 1 contains the short-term, mid-term, 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, mid-term, and long-term 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 §42(b)(2), the applicable percentage ...