Interest rates will remain the same for the calendar quarter beginning on Oct. 1, the IRS said on Wednesday, Aug. 21.
The interest rate for tax overpayments and underpayments for individuals will be 8% per year and 7% for corporations, compounded daily.
Interest rates have stayed at their current levels since the fourth quarter of 2023, when they increased from 7% for individuals and 6% for corporations. See the complete list of Q4 rates.