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

The IRS issued a revenue ruling providing various prescribed rates for federal income tax purposes. The ruling includes: 1) applicable federal interest rates; 2) the adjusted applicable federal interest rates; 3) the adjusted federal long-term rate; and 4) the adjusted federal long-term tax-exempt rate. The rates are determined as prescribed by I.R.C. §1274. The rates are published monthly for purposes of I.R.C. §42, §382, §412, §642, §1288, §1274, §7520, §7872, and various other sections of the Internal Revenue Code. [Rev. Rul. 2025-10, 2025-19 I.R.B. __ (May 5, 2025)]