The IRS issued a revenue ruling providing various prescribed rates for federal income tax purposes for December, including Applicable Federal Rates (AFR) for debt instrument valuations, adjusted AFRs for original issue discount calculations, rates for ownership change limitations, appropriate percentages for low-income housing credits, and the federal rate for actuarial valuations of annuities and life interests. [Rev. Rul. 2025-24 (Nov. 17, 2025)]
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