The Internal Revenue Service announced an increase to interest rates for the calendar quarter beginning April 1, 2016. The new interest rates will be:

  • 4% for overpayments (3% for corporations up to $10,000 and 1.5% for overpayments exceeding $10,000);
  • 4% for underpayments; and
  • 6% for underpayments by large corporations.

For details about this change and IRS interest rates in general, read the full press release here.