7/15/2021
Revenue Ruling 2021-14: August 2021 Applicable Federal Rates
The revenue ruling provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, and the adjusted federal long-term tax-exempt rate for August 2021.
the short-term, midterm, and long-term applicable federal rates (AFR) for the current month
the short-term, midterm, and long-term adjusted applicable federal rates (adjusted AFR) for the current month
the adjusted federal long-term rate and the long-term tax-exempt rate
the appropriate percentages for determining the low-income housing credit described in for buildings placed in service during the current month. However, the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%
the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520.