The IRS has released the interest rates on tax overpayments and underpayments for the third quarter of 2018.
The interest rates on overpayments will be 5 percent for individuals and 4 percent for corporations. Corporate overpayments exceeding $10,000 will have a 2.5 percent interest rate. The rate charged on underpayments will be 5 percent; though large corporate underpayments will be charged 7 percent.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
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