NEW APPLICABLE FEDERAL RATES RELEASED FOR MARCH BY IRS

Each month, the IRS provides various prescribed rates for federal income tax purposes. These rates, known as Applicable Federal Rates (AFRs), are regularly published as revenue rulings.

The AFRs for March 2015 are as follows:

Annual Semi-Annual Quarterly Monthly
Short-Term: 1-3 years 0.40% 0.40% 0.40% 0.40%
Mid-Term: >3 & up to 9 years 1.47% 1.46% 1.46% 1.46%
Long-Term: >9 years 2.19% 2.18% 2.17% 2.17%

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