Accounting Portal

Tax Resources for Accountants and Small Businesses (U.S.)

IRS Applicable Federal Rates (AFR) – Monthly AFR Table and PDF Directory 2020–2026

Updated ·

Current Applicable Federal Rates (AFR)

The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other financial transactions. The AFR rates include short-term, mid-term, and long-term rates.

The Applicable Federal Rates (AFR) are interest rates published monthly by the Internal Revenue Service (IRS). These rates are used for tax purposes when calculating minimum interest on loans between related parties, such as family loans, shareholder loans, or intra-company financing.

This page provides a month-by-month directory of official IRS Revenue Ruling PDFs that publish the Applicable Federal Rates (AFR) and related tax reference rates.

Applicable Federal Rates (AFR) Table

The following directory provides links to official IRS Applicable Federal Rate (AFR) tables and PDF documents published each month. These tables show short-term, mid-term, and long-term AFR rates used for tax calculations.

For a detailed explanation of how AFR works, what short-, mid-, and long-term rates mean, and how the IRS uses these figures, see the
Applicable Federal Rate (AFR) – Explanation and IRS Monthly Updates.

Each IRS Revenue Ruling typically includes:

  • Applicable Federal Rates (short-term, mid-term, long-term)
  • Adjusted AFR for tax-exempt obligations (§1288)
  • §382 adjusted federal long-term and tax-exempt rates
  • §42 low-income housing credit percentages
  • §7520 rate for valuing annuities, life estates, and remainders

Types of Applicable Federal Rates

AFR Type Typical Loan Term
Short-Term AFR Loans up to 3 years
Mid-Term AFR Loans over 3 years and up to 9 years
Long-Term AFR Loans longer than 9 years

Where to find the latest AFR data

AFR PDF Directory (2025–2020)

Year Month IRS Revenue Ruling (PDF)
2026
2026 January
Rev. Rul. 2026-1
2026 February
Rev. Rul. 2026-3
2026 March Rev. Rul. 2026-06
2026 April (to be published)
2026 May (to be published)
2026 June (to be published)
2026 July (to be published)
2026 August (to be published)
2026 September (to be published)
2026 October (to be published)
2026 November (to be published)
2026 December (to be published)
2025
2025 January Rev. Rul. 2025-1
2025 February Rev. Rul. 2025-3
2025 March Rev. Rul. 2025-5
2025 April Rev. Rul. 2025-7
2025 May Rev. Rul. 2025-9
2025 June Rev. Rul. 2025-11
2025 July Rev. Rul. 2025-13
2025 August Rev. Rul. 2025-15
2025 September Rev. Rul. 2025-17
2025 October Rev. Rul. 2025-19
2025 November Rev. Rul. 2025-21
2025 December Rev. Rul. 2025‑24
2024
2024 January Rev. Rul. 2024-1
2024 February Rev. Rul. 2024-3
2024 March Rev. Rul. 2024-5
2024 April Rev. Rul. 2024-7
2024 May Rev. Rul. 2024-9
2024 June Rev. Rul. 2024-11
2024 July Rev. Rul. 2024-13
2024 August Rev. Rul. 2024-15
2024 September Rev. Rul. 2024-17
2024 October Rev. Rul. 2024-19
2024 November Rev. Rul. 2024-21
2024 December Rev. Rul. 2024-25
2023
2023 January Rev. Rul. 2023-1
2023 February Rev. Rul. 2023-3
2023 March Rev. Rul. 2023-5
2023 April Rev. Rul. 2023-7
2023 May Rev. Rul. 2023-9
2023 June Rev. Rul. 2023-11
2023 July Rev. Rul. 2023-13
2023 August Rev. Rul. 2023-15
2023 September Rev. Rul. 2023-17
2023 October Rev. Rul. 2023-19
2023 November Rev. Rul. 2023-21
2023 December Rev. Rul. 2023-23
2022
2022 January Rev. Rul. 2022-1
2022 February Rev. Rul. 2022-3
2022 March Rev. Rul. 2022-5
2022 April Rev. Rul. 2022-7
2022 May Rev. Rul. 2022-9
2022 June Rev. Rul. 2022-11
2022 July Rev. Rul. 2022-13
2022 August Rev. Rul. 2022-15
2022 September Rev. Rul. 2022-17
2022 October Rev. Rul. 2022-19
2022 November Rev. Rul. 2022-21
2022 December Rev. Rul. 2022-23
2021
2021 January Rev. Rul. 2021-2
2021 February Rev. Rul. 2021-4
2021 March Rev. Rul. 2021-6
2021 April Rev. Rul. 2021-8
2021 May Rev. Rul. 2021-10
2021 June Rev. Rul. 2021-12
2021 July Rev. Rul. 2021-14
2021 August Rev. Rul. 2021-16
2021 September Rev. Rul. 2021-18
2021 October Rev. Rul. 2021-20
2021 November Rev. Rul. 2021-22
2021 December Rev. Rul. 2021-24
2020
2020 January Rev. Rul. 2020-1
2020 February Rev. Rul. 2020-3
2020 March Rev. Rul. 2020-6
2020 April Rev. Rul. 2020-8
2020 May Rev. Rul. 2020-10
2020 June Rev. Rul. 2020-14
2020 July Rev. Rul. 2020-15
2020 August Rev. Rul. 2020-16
2020 September Rev. Rul. 2020-18
2020 October Rev. Rul. 2020-21
2020 November Rev. Rul. 2020-23
2020 December Rev. Rul. 2020-28

To review current-year AFR changes, trends, and planning notes, visit
AFR 2025 Updates – Current IRS Rates and Tax Planning Trends.

Source: Internal Revenue Service (IRS) – monthly Revenue Rulings for Applicable Federal Rates (AFR).

Frequently Asked Questions

What are Applicable Federal Rates (AFR)?

Applicable Federal Rates are minimum interest rates published monthly by the IRS for loans that have tax implications.

How often are AFR rates updated?

The IRS publishes new Applicable Federal Rates every month.

Where can I download AFR tables?

The IRS provides AFR tables in official PDF documents for each month.

Disclaimer
The information provided on Accounting Portal is for general informational and educational purposes only and does not constitute professional accounting, tax, financial, or legal advice. While we strive for accuracy and timeliness, no representation or warranty is made regarding completeness or reliability. Always consult a qualified professional before making any business, tax, or financial decisions. Neither Accounting Portal nor its authors are liable for any loss or damage resulting from the use of this information.

© 2026 Accounting Portal. All rights reserved.

Tags: