Applicable Federal Rates | Internal Revenue Service
Summary: Revenue Ruling 2026-7 outlines the Applicable Federal Rates (AFR) and related tax adjustments for April 2026, as required by the Internal Revenue Code.
This document, Revenue Ruling 2026-7, issued by the Internal Revenue Service, provides the prescribed federal income tax rates for April 2026. It includes five tables detailing: (1) Applicable Federal Rates (AFR) for short-term, mid-term, and long-term debt instruments; (2) Adjusted AFR for section 1288(b) purposes; (3) Section 382 rates, including the adjusted federal long-term rate and long-term tax-exempt rate; (4) Appropriate percentages for the low-income housing credit under section 42(b)(1); and (5) The federal rate for determining the present value of annuities, life interests, and remainders under section 7520.
Document outline
1. Rev. Rul. 2026-7 Overview 2. Table 1: Applicable Federal Rates (AFR) for April 2026 3. Table 2: Adjusted AFR for April 2026 4. Table 3: Rates Under Section 382 for April 2026 5. Table 4: Appropriate Percentages Under Section 42(b)(1) for April 2026 6. Table 5: Rate Under Section 7520 for April 2026