Interest rates increase for the first quarter of 2023

Interest rates increase for the first quarter of 2023

IR-2022-206, November 29, 2022

WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2023.

For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up from 6% for the quarter that began on October 1. Here is a complete list of the new rates:

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