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Rev. Rul. 2020-16 -- Sept. 2020 Applicable Federal Rates (AFR)

August 17, 2020 IRS Newsroom Tax

Rev. Rul. 2020-16 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. 


The rates are published monthly for purposes of sections 42, 382, 412, 642, 1288, 1274, 7520, 7872, and various other sections of the Internal Revenue Code.


Rev. Rul. 2020-16 will be published in Internal Revenue Bulletin 2020-37 on Sept. 8, 2020.


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