To be used to value certain charitable interests in trusts. Pursuant to Internal Revenue Code 7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest two-tenths of one percent. For example, the rate that is 120 percent of the applicable federal rate (compounded annually) for January 2024 is 5.25 percent. That rate is then rounded to the nearest two-tenths of one percent or 5.2 percent for purposes of IRC 7520. Section 7520 interest rates Valuation month 120% of applicable federal midterm rate Section 7520 interest rate Revenue ruling January 2024 5.25 5.2 Rev. Rul. 2024-02 February 2024 4.79 4.8 Rev. Rul. 2024-03 March 2024 4.97 5.0 Rev. Rul. 2024-04 April 2024 5.17 5.2 Rev. Rul. 2024-07 May 2024 5.31 5.4 Rev. Rul. 2024-09 June 2024 5.61 5.6 Rev. Rul. 2024-12 July 2024 5.4 5.4 Rev. Rul. 2024-13 August 2024 5.22 5.2 Rev. Rul. 2024-15 September 2024 4.84 4.8 Rev. Rul. 2024-17 October 2024 4.45 4.4 Rev. Rul. 2024-21 November 2024 4.45 4.4 Rev. Rul. 2024-24 For prior years' rates, please refer to Section 7520 interest rates for prior years. Also, see index of applicable federal rates (AFR) rulings. Related topics Estate and gift taxes What's new — Estate and gift tax Forms & instructions Forms and publications: Estate and gift tax
