Irs Interest Rates For Family Loans 2024

Irs Interest Rates For Family Loans 2024. The rates for interest determined under section 6621 of the code for the calendar quarter beginning april 1,. The interest rate on federal.

 — section 7872 of the tax code governs loans, including family loans, where the interest rate is insufficient — meaning at a rate lower than the applicable federal.  — the irs sets out applicable federal rate (afrs), which are the minimum interest rates you’ll have to charge on your loan to make sure it’s not considered a gift.