These are some of the rates published each month by the Internal Revenue Service in accordance with section 1274(d) of the Internal Revenue Code.
The federal "short-term rate" is determined from a one-month average of the market yields from marketable obligations of the United States with maturities of 3 years or less. The "mid-term rate" is determined from obligations with maturities of more than 3 years but not more than 9 years, and the "long-term rate" is determined from obligations with maturities of more than 9 years.
These rates are used for a number of different purposes under the Internal Revenue Code, including the determinations of original issue discount and unstated interest and the gift tax and income tax consequences of below-market loans under section 7872. (However, interest on demand loans with a fixed principal amount outstanding for an entire year can be determined using the "blended annual rate" described in section 7872(e)(2)(A) of the Internal Revenue Code.)
| Month | Annual | Semiann. | Quarterly | Monthly |
|---|---|---|---|---|
| Jan-2012 | 0.19% | 0.19% | 0.19% | 0.19% |
| Feb-2012 | 0.19% | 0.19% | 0.19% | 0.19% |
| Mar-2012 | 0.19% | 0.19% | 0.19% | 0.19% |
| Apr-2012 | 0.25% | 0.25% | 0.25% | 0.25% |
| May-2012 | 0.28% | 0.28% | 0.28% | 0.28% |
| Month | Annual | Semiann. | Quarterly | Monthly |
|---|---|---|---|---|
| Jan-2012 | 1.17% | 1.17% | 1.17% | 1.17% |
| Feb-2012 | 1.12% | 1.12% | 1.12% | 1.12% |
| Mar-2012 | 1.08% | 1.08% | 1.08% | 1.08% |
| Apr-2012 | 1.15% | 1.15% | 1.15% | 1.15% |
| May-2012 | 1.30% | 1.30% | 1.30% | 1.30% |
| Month | Annual | Semiann. | Quarterly | Monthly |
|---|---|---|---|---|
| Jan-2012 | 2.63% | 2.61% | 2.60% | 2.60% |
| Feb-2012 | 2.58% | 2.56% | 2.55% | 2.55% |
| Mar-2012 | 2.65% | 2.63% | 2.62% | 2.62% |
| Apr-2012 | 2.72% | 2.70% | 2.69% | 2.68% |
| May-2012 | 2.89% | 2.87% | 2.86% | 2.85% |