Applicable Federal Rates | Internal Revenue Service
Summary: Revenue Ruling 2026-13 outlines the Applicable Federal Rates (AFR) for August 2026, including short-term, mid-term, and long-term rates, adjusted AFRs, section 382 rates, low-income housing credit percentages, and section 7520 annuity valuation rates.
This document, Revenue Ruling 2026-13, issued by the Internal Revenue Service, provides the prescribed federal income tax rates for August 2026. It includes five tables: Table 1 lists the Applicable Federal Rates (AFR) for short-term, mid-term, and long-term debt instruments; Table 2 provides adjusted AFRs for section 1288(b) purposes; Table 3 details the adjusted federal long-term rate and the long-term tax-exempt rate for section 382(f) ownership changes; Table 4 specifies the percentages for the low-income housing credit under section 42(b)(1); and Table 5 provides the federal rate for determining the present value of annuities, life interests, and remainders under section 7520.
Document outline
1. Introduction to Revenue Ruling 2026-13 2. Table 1: Applicable Federal Rates (AFR) for August 2026 3. Table 2: Adjusted AFR for August 2026 4. Table 3: Rates Under Section 382 for August 2026 5. Table 4: Appropriate Percentages Under Section 42(b)(1) for August 2026 6. Table 5: Rate Under Section 7520 for August 2026