January 2008
Owe or be owed
If you overpaid your taxes, the IRS will pay you interest on your money. It will also charge you the same rate on taxes you
owe. Rates can change as often as once a quarter.
| Year | Time period | Interest rate |
|---|---|---|
| 2008 | Jan. 1 - March 31 | 7% |
| 2007 | Jan. 1 - June 30 | 8 |
| 2006 | Jan. 1 - June 30 July 1 - Dec. 30 |
7 8 |
| 2005 | Jan. 1 - March 31 April 1 - Sept. 30 Oct. 1 - Dec. 31 |
5 6 7 |
| 2004 | Jan. 1 - March 31 April 1 - June 30 July 1 - Sept. 30 Oct. 1 - Dec. 31 |
4 5 4 5 |
This article was also published in Consumer Reports Money Adviser.
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