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January 27, 2023

interest rates

Interested in Interest Rates? The IRS Has Something For You

The Fed isn’t the only one raising interest rates these days. The IRS did too—and it has now for four consecutive quarters, including the first quarter of next year. Beginning on Jan. 1, 2023, the rate for overpayments and underpayments will be 7% per year, compounded daily, for individuals, up from 6% in Q4 of […]