Applicable Federal Rate (AFR) – Complete Monthly PDF Directory 2020–2026
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.
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
Where to find the latest AFR data
- IRS – Applicable Federal Rates (AFR)
- IRS – Monthly AFR Rate Tables
- IRS – Revenue Rulings Directory (PDF archive)
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 | (to be published) |
| 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).
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