New interest rates for the New Year February 2020 Tax News

Welcome to Tax News

Subscribe to get monthly updates on tax laws, policies, and events.

The adjusted interest rate for the period February 1, 2020 through June 30, 2020 decreased to 5%.  This is the rate compounded daily that accrues with respect to various state taxes including: personal income, corporate income and franchise.  The rate for corporation tax overpayments remains the same at 2%. Visit our Interest and estimated penalty rates webpage for more information.

Last updated: 09/24/2025