How much interest does the IRS charge taxpayers who owe money?

Posted on May 25, 2012

How much interest does the IRS charge taxpayers who owe money? Many people wrongly believe that the IRS gouges taxpayers with sky-high interest rates. The actual interest rate is currently pretty low, only 3 percent. Interest rates are computed from the federal short-term rate and are adjusted quarterly. The current 3 percent rate will last through the third quarter of this year when it can be adjusted again. Do you owe money to the IRS? Call us, we can help.

1-877-4-IRS-LAW