Close Close

Regulation and Compliance > Federal Regulation > IRS

IRS Updates Rate

Your article was successfully shared with the contacts you provided.

The Internal Revenue Service has come out with a revenue ruling that sets the current rates to be used in a variety of federal income tax calculations.

One section of the document, IRS Revenue Ruling 2008-49, concerns the federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest.

More on this topic

Starting in October, the rate will be 3.8%, the IRS says.