February 2009
Owe or be owed
If you overpaid your taxes, the IRS will pay you interest on your money. The rate is the federal short-term interest rate
plus 3 percentage points. 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 |
|---|---|---|
| 2009 | Jan. 1 - March 31 | 5% |
| 2008 | Jan. 1 - March 31 April 1 - June 30 July 1 - Sept. 30 Oct. 1 - Dec. 31 |
7 6 5 6 |
| 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 |
