Interest rates charged by the IRS on underpaid taxes and applied by the IRS on tax overpayments will remain the same for the second quarter of 2017 (April 1 through June 30). Therefore, the rates will be as follows for individuals and corporations:

For individuals:

• 4% charged on underpayments; 4% paid on overpayments.

For corporations:

• 4% charged on underpayments; 3% paid on overpayments.
• 6% charged on large corporate underpayments.
• 5% paid on the portion of a corporate overpayment exceeding $10,000.