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-2014 | 0.25% | 0.25% | 0.25% | 0.25% |
| Feb-2014 | 0.30% | 0.30% | 0.30% | 0.30% |
| Mar-2014 | 0.28% | 0.28% | 0.28% | 0.28% |
| Apr-2014 | 0.28% | 0.28% | 0.28% | 0.28% |
| May-2014 | 0.33% | 0.33% | 0.33% | 0.33% |
| Jun-2014 | 0.32% | 0.32% | 0.32% | 0.32% |
| Month | Annual | Semiann. | Quarterly | Monthly |
|---|---|---|---|---|
| Jan-2014 | 1.75% | 1.74% | 1.74% | 1.73% |
| Feb-2014 | 1.97% | 1.96% | 1.96% | 1.95% |
| Mar-2014 | 1.84% | 1.83% | 1.83% | 1.82% |
| Apr-2014 | 1.81% | 1.80% | 1.80% | 1.79% |
| May-2014 | 1.93% | 1.92% | 1.92% | 1.91% |
| Jun-2014 | 1.91% | 1.90% | 1.90% | 1.89% |
| Month | Annual | Semiann. | Quarterly | Monthly |
|---|---|---|---|---|
| Jan-2014 | 3.49% | 3.46% | 3.45% | 3.44% |
| Feb-2014 | 3.56% | 3.53% | 3.51% | 3.50% |
| Mar-2014 | 3.36% | 3.33% | 3.32% | 3.31% |
| Apr-2014 | 3.32% | 3.29% | 3.28% | 3.27% |
| May-2014 | 3.27% | 3.24% | 3.23% | 3.22% |
| Jun-2014 | 3.14% | 3.12% | 3.11% | 3.10% |