October Interest Rates

AFR Changes:

The October, 2020 AFR interest rates and the IRC 7520 interest rate were released by the IRS yesterday.

Short-term AFR Rate:     0.14%

Mid-term AFR Rate:        0.38%

Long-term AFR Rate:       1.12%  (that is up from 1.0% for September)

IRC 7520 Rate:                  0.40%  (the rate used to value life estate and retained interests in CRATs, CRUTs,  GRATs and QPRTs)