Applicable Federal Rates | Internal Revenue Service
Summary: Revenue Ruling 2026-11 outlines the Applicable Federal Rates (AFR) for June 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 2026-11, issued by the Internal Revenue Service, provides the prescribed federal income tax rates for June 2026. It includes five tables detailing: (1) Applicable Federal Rates (AFR) for short-term, mid-term, and long-term periods; (2) Adjusted AFRs for section 1288(b) purposes; (3) Adjusted federal long-term and long-term tax-exempt rates for section 382(f) ownership changes; (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. Table 1: Applicable Federal Rates (AFR) for June 2026 2. Table 2: Adjusted AFR for June 2026 3. Table 3: Rates Under Section 382 for June 2026 4. Table 4: Appropriate Percentages Under Section 42(b)(1) for June 2026 5. Table 5: Rate Under Section 7520 for June 2026