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February 28, 2023 8:34 pm
IRS Interest Rates Unchanged for Q2
The IRS interest rates on overpayments and underpayments for the second quarter of 2023 are the same as the rates for the first quarter of 2023 (Rev. Rul. 2023-4). The rates beginning April 1, 2023, are:
- 7% for overpayments (6% in the case of a corporation);
- 4.5% for the portion of a corporate overpayment exceeding $10,000;
- 7% for underpayments; and
- 9% for large corporate underpayments.
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Tax Glossary
High deductible health plan (HDHP)
For 2007, a high deductible health plan is a health plan with an annual deductible that is not less than $1,100 for self-only coverage or $2,200 for family coverage, and with annual out-of-pocket expenses that do not exceed $5,600 or $11,200, respectively.
