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 2018 is 2.62 percent. That rate is then rounded to the nearest two-tenths of one percent or 2.6 percent for purposes of IRC 7520.
For current year rates, please refer to Section 7520 Interest Rates. Also see, Index of Applicable Federal Rates (AFR) Rulings.
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1999
- 1998
- 1997
2018
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January 2018 | 2.62 | 2.6 | 2018-1 |
| February 2018 | 2.78 | 2.8 | 2018-5 |
| March 2018 | 3.08 | 3.0 | 2018-6 |
| April 2018 | 3.27 | 3.2 | 2018-9 |
| May 2018 | 3.23 | 3.2 | 2018-12 |
| June 2018 | 3.44 | 3.4 | 2018-16 |
| July 2018 | 3.45 | 3.4 | 2018-19 |
| August 2018 | 3.37 | 3.4 | 2018-21 |
| September 2018 | 3.44 | 3.4 | 2018-23 |
|
October 2018 |
3.40 | 3.4 | 2018-27 |
| November 2018 | 3.65 | 3.6 | 2018-28 |
| December 2018 | 3.69 | 3.6 | 2018-30 |
2017
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January 2017 | 2.36 | 2.4 | 2017-2 |
| February 2017 | 2.53 | 2.6 | 2017-4 |
| March 2017 | 2.47 | 2.4 | 2017-7 |
| April 2017 | 2.55 | 2.6 | 2017-8 |
| May 2017 | 2.45 | 2.4 | 2017-11 |
| June 2017 | 2.35 | 2.4 | 2017-12 |
| July 2017 | 2.27 | 2.2 | 2017-14 |
| August 2017 | 2.34 | 2.4 | 2017-15 |
| September 2017 | 2.33 | 2.4 | 2017-17 |
|
October 2017 |
2.22 | 2.2 | 2017-20 |
| November 2017 | 2.4 | 2.4 | 2017-21 |
| December 2017 | 2.54 | 2.6 | 2017-24 |
2016
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January 2016 | 2.17 | 2.2 | 2016-1 |
| February 2016 | 2.18 | 2.2 | 2016-4 |
| March 2016 | 1.77 | 1.8 | 2016-7 |
| April 2016 | 1.74 | 1.8 | 2016-9 |
| May 2016 | 1.71 | 1.8 | 2016-11 |
| June 2016 | 1.70 | 1.8 | 2016-13 |
| July 2016 | 1.71 | 1.8 | 2016-17 |
|
August 2016 |
1.43 | 1.4 | 2016-18 |
| September 2016 | 1.47 | 1.4 | 2016-20 |
|
October 2016 |
1.56 | 1.6 | 2016-25 |
| November 2016 | 1.61 | 1.6 | 2016-26 |
| December 2016 | 1.76 | 1.8 | 2016-27 |
2015
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
|
January 2015 |
2.10 | 2.2 | 2015-1 |
| February 2015 | 2.04 | 2.0 | 2015-3 |
| March 2015 | 1.76 | 1.8 | 2015-4 |
| April 2015 | 2.04 | 2.0 | 2015-7 |
| May 2015 | 1.83 | 1.8 | 2015-8 |
| June 2015 | 1.92 | 2.0 | 2015-14 |
| July 2015 | 2.12 | 2.2 | 2015-15 |
| August 2015 | 2.18 | 2.2 | 2015-16 |
| September 2015 | 2.12 | 2.2 | 2015-19 |
| October 2015 | 2.0 | 2.0 | 2015-21 |
| November 2015 | 1.91 | 2.0 | 2015-22 |
| December 2015 | 2.01 | 2.0 | 2015-25 |
2014
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-14 | 2.10 | 2.2 | 2014-1 |
| February-14 | 2.36 | 2.4 | 2014-6 |
| March-14 | 2.21 | 2.2 | 2014-8 |
| April-14 | 2.17 | 2.2 | 2014-12 |
| May-14 | 2.31 | 2.4 | 2014-13 |
| June-14 | 2.29 | 2.2 | 2014-16 |
| July-14 | 2.18 | 2.2 | 2014-20 |
| August-14 | 2.27 | 2.2 | 2014-19 |
| September-14 | 2.23 | 2.2 | 2014-22 |
| October-14 | 2.22 | 2.22 | 2014-26 |
| November-14 | 2.28 | 2.2 | 2014-28 |
| December-14 | 2.06 | 2.0 | 2014-31 |
2013
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-13 | 1.04% | 1.0% | 2013-1 |
| February-13 | 1.21% | 1.2% | 2013-3 |
| March-13 | 1.31% | 1.4% | 2013-7 |
| April-13 | 1.31% | 1.4% | 2013-9 |
| May-13 | 1.20% | 1.2% | 2013-11 |
| June-13 | 1.14% | 1.2% | 2013-12 |
| July-13 | 1.47% | 1.4% | 2013-15 |
| August-13 | 1.95% | 2.0% | 2013-13 |
| September-13 | 1.99% | 2.0% | 2013-18 |
| October-13 | 2.31% | 2.4% | 2013-21 |
| November-13 | 2.07% | 2.0% | 2013-22 |
| December-13 | 1.98% | 2.0% | 2013-26 |
2012
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-12 | 1.40% | 1.4% | 2012-2 |
| February-12 | 1.34% | 1.4% | 2012-7 |
| March-12 | 1.40% | 1.4% | 2012-9 |
| April-12 | 1.38% | 1.4% | 2012-11 |
| May-12 | 1.57% | 1.6% | 2012-13 |
| June-12 | 1.28% | 1.2% | 2012-15 |
| July-12 | 1.10% | 1.2% | 2012-20 |
| August-12 | 1.06% | 1.0% | 2012-21 |
| September-12 | 1.01% | 1.0% | 2012-24 |
| October-12 | 1.12% | 1.20% | 2012-28 |
| November-12 | 1.07% | 1.0% | 2012-30 |
| December-12 | 1.14% | 1.20% | 2012-31 |
2011
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-11 | 2.34% | 2.4% | 2011-2 |
| February-11 | 2.80% | 2.8% | 2011-4 |
| March-11 | 2.94% | 3.0% | 2011-6 |
| April-11 | 2.98% | 3.0% | 2011-10 |
| May-11 | 2.94% | 3.0% | 2011-11 |
| June-11 | 2.73% | 2.8% | 2011-13 |
| July-11 | 2.40% | 2.4% | 2011-14 |
| August-11 | 2.28% | 2.2% | 2011-16 |
| September-11 | 1.95% | 2.0% | 2011-20 |
| October-11 | 1.44% | 1.4% | 2011-22 |
| November-11 | 1.45% | 1.4% | 2011-25 |
| December-11 | 1.53% | 1.6% | 2011-31 |
2010
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-10 | 2.95% | 3.0% | 2010-1 |
| February-10 | 3.39% | 3.4% | 2010-6 |
| March-10 | 3.23% | 3.2% | 2010-8 |
| April-10 | 3.25% | 3.2% | 2010-11 |
| May-10 | 3.45% | 3.4% | 2010-12 |
| June-10 | 3.27% | 3.2% | 2010-15 |
| July-10 | 2.83% | 2.8% | 2010-18 |
| August-10 | 2.62% | 2.6% | 2010-19 |
| September-10 | 2.33% | 2.4% | 2010-20 |
| October-10 | 2.07% | 2.0% | 2010-24 |
| November-10 | 1.91% | 2.0% | 2010-26 |
| December-10 | 1.83% | 1.8% | 2010-29 |
2009
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-09 | 2.48% | 2.4% | 2009-1 |
| February-09 | 1.98% | 2.0% | 2009-5 |
| March-09 | 2.33% | 2.4% | 2009-8 |
| April-09 | 2.59% | 2.6% | 2009-10 |
| May-09 | 2.47% | 2.4% | 2009-12 |
| June-09 | 2.71% | 2.8% | 2009-16 |
| July-09 | 3.32% | 3.4% | 2009-20 |
| August-09 | 3.37% | 3.4% | 2009-20 |
| September-09 | 3.45% | 3.4% | 2009-29 |
| October-09 | 3.20% | 3.2% | 2009-33 |
| November-09 | 3.10% | 3.2% | 2009-35 |
| December-09 | 3.16% | 3.2% | 2009-38 |
2008
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-08 | 4.31% | 4.4% | 2008-4 |
| February-08 | 4.22% | 4.2% | 2008-9 |
| March-08 | 3.57% | 3.6% | 2008-11 |
| April-08 | 3.45% | 3.4% | 2008-20 |
| May-08 | 3.29% | 3.2% | 2008-24 |
| June-08 | 3.84% | 3.8% | 2008-28 |
| July-08 | 4.14% | 4.2% | 2008-33 |
| August-08 | 4.26% | 4.2% | 2008-43 |
| September-08 | 4.16% | 4.2% | 2008-46 |
| October-08 | 3.81% | 3.8% | 2008-49 |
| November-08 | 3.57% | 3.6% | 2008-50 |
| December-08 | 3.43% | 3.4% | 2008-53 |
2007
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-07 | 5.51% | 5.60% | 2007-2 |
| February-07 | 5.65% | 5.60% | 2007-9 |
| March-07 | 5.84% | 5.80% | 2007-15 |
| April-07 | 5.54% | 5.60% | 2007-23 |
| May-07 | 5.56% | 5.60% | 2007-29 |
| June-07 | 5.59% | 5.6% | 2007-36 |
| July-07 | 5.96% | 6.00% | 2007-44 |
| August-07 | 6.13% | 6.20% | 2007-50 |
| September-07 | 5.76% | 5.80% | 2007-57 |
| October-07 | 5.23% | 5.20% | 2007-63 |
| November-07 | 5.28% | 5.2% | 2007-66 |
| December-07 | 4.97% | 5.0% | 2007-70 |
2006
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-06 | 5.39% | 5.40% | 2006-4 |
| February-06 | 5.29% | 5.20% | 2006-7 |
| March-06 | 5.42% | 5.40% | 2006-10 |
| April-06 | 5.68% | 5.60% | 2006-22 |
| May-06 | 5.82% | 5.80% | 2006-24 |
| June-06 | 6.09% | 6.00% | 2006-29 |
| July-06 | 6.08% | 6.00% | 2006-35 |
| August-06 | 6.27% | 6.20% | 2006-39 |
| September-06 | 6.03% | 6.00% | 2006-44 |
| October-06 | 5.79% | 5.80% | 2006-50 |
| November-06 | 5.65% | 5.60% | 2006-55 |
| December-06 | 5.70% | 5.80% | 2006-61 |
2005
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-05 | 4.53% | 4.60% | 2005-2 |
| February-05 | 4.60% | 4.60% | 2005-8 |
| March-05 | 4.60% | 4.60% | 2005-13 |
| April-05 | 4.92% | 5.00% | 2005-23 |
| May-05 | 5.15% | 5.20% | 2005-27 |
| June-05 | 4.82% | 4.80% | 2005-32 |
| July-05 | 4.63% | 4.60% | 2005-38 |
| August-05 | 4.71% | 4.80% | 2005-54 |
| September-05 | 5.04% | 5.00% | 2005-57 |
| October-05 | 4.91% | 5.00% | 2005-66 |
| November-05 | 5.09% | 5.00% | 2005-71 |
| December-05 | 5.43% | 5.40% | 2005-77 |
2004
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-04 | 4.23% | 4.20% | 2004-2 |
| February-04 | 4.13% | 4.20% | 2004-9 |
| March-04 | 4.01% | 4.00% | 2004-35 |
| April-04 | 3.80% | 3.80% | 2004-39 |
| May-04 | 3.81% | 3.80% | 2004-44 |
| June-04 | 4.67% | 4.60% | 2004-54 |
| July-04 | 4.94% | 5.00% | 2004-66 |
| August-04 | 4.81% | 4.80% | 2004-84 |
| September-04 | 4.61% | 4.60% | 2004-69 |
| October-04 | 4.36% | 4.40% | 2004-96 |
| November-04 | 4.26% | 4.20% | 2004-102 |
| December-04 | 4.28% | 4.20% | 2004-106 |
2003
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-03 | 4.12% | 4.20% | 2003-5 |
| February-03 | 3.93% | 4.00% | 2003-16 |
| March-03 | 3.89% | 3.80% | 2003-26 |
| April-03 | 3.56% | 3.60% | 2003-35 |
| May-03 | 3.82% | 3.80% | 2003-45 |
| June-03 | 3.68% | 3.60% | 2003-60 |
| July-03 | 3.06% | 3.00% | 2003-71 |
| August-03 | 3.25% | 3.20% | 2003-94 |
| September-03 | 4.12% | 4.20% | 2003-101 |
| October-03 | 4.39% | 4.40% | 2003-107 |
| November-03 | 3.99% | 4.00% | 2003-114 |
| December-03 | 4.26% | 4.20% | 2003-122 |
2002
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-02 | 5.40% | 5.40% | 2002-2 |
| February-02 | 5.58% | 5.60% | 2002-5 |
| March-02 | 5.43% | 5.40% | 2002-10 |
| April-02 | 5.60% | 5.60% | 2002-17 |
| May-02 | 6.01% | 6.00% | 2002-25 |
| June-02 | 5.71% | 5.80% | 2002-36 |
| July-02 | 5.53% | 5.60% | 2002-40 |
| August-02 | 5.10%` | 5.20% | 2002-48 |
| September-02 | 4.51% | 4.60% | 2002-53 |
| October-02 | 4.16% | 4.20% | 2002-61 |
| November-02 | 3.68% | 3.60% | 2002-74 |
| December-02 | 3.98% | 4.00% | 2002-81 |
2001
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-01 | 6.75% | 6.80% | 2001-3 |
| February-01 | 6.10% | 6.20% | 2001-7 |
| March-01 | 6.10% | 6.20% | 2001-12 |
| April-01 | 5.95% | 6.00% | 2001-17 |
| May-01 | 5.73% | 5.80% | 2001-22 |
| June-01 | 6.04% | 6.00% | 2001-27 |
| July-01 | 6.16% | 6.20% | 2001-34 |
| August-01 | 6.01% | 6.00% | 2001-36 |
| September-01 | 5.79% | 5.80% | 2001-43 |
| October-01 | 5.52% | 5.60% | 2001-49 |
| November-01 | 4.97% | 5.00% | 2001-52 |
| December-01 | 4.78% | 4.80% | 2001-58 |
2000
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-00 | 7.47% | 7.40% | 2000-1 |
| February-00 | 7.90% | 8.00% | 2000-9 |
| March-00 | 8.19% | 8.20% | 2000-11 |
| April-00 | 8.08% | 8.00% | 2000-19 |
| May-00 | 7.70% | 7.80% | 2000-23 |
| June-00 | 7.96% | 8.00% | 2000-28 |
| July-00 | 7.96% | 8.00% | 2000-32 |
| August-00 | 7.62% | 7.60% | 2000-38 |
| September-00 | 7.50% | 7.60% | 2000-41 |
| October-00 | 7.33% | 7.40% | 2000-45 |
| November-00 | 7.23% | 7.20% | 2000-50 |
| December-00 | 7.07% | 7.00% | 2000-54 |
1999
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-99 | 5.59% | 5.60% | 99-2 |
| February-99 | 5.67% | 5.60% | 99-8 |
| March-99 | 5.80% | 5.80% | 99-11 |
| April-99 | 6.35% | 6.40% | 99-17 |
| May-99 | 6.28% | 6.20% | 99-21 |
| June-99 | 6.46% | 6.40% | 99-25 |
| July-99 | 7.01% | 7.00% | 99-29 |
| August-99 | 7.16% | 7.20% | 99-32 |
| September-99 | 7.19% | 7.20% | 99-37 |
| October-99 | 7.25% | 7.20% | 99-41 |
| November-99 | 7.32% | 7.40% | 99-45 |
| December-99 | 7.46% | 7.40% | 99-48 |
1998
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-98 | 7.13% | 7.20% | 98-4 |
| February-98 | 6.84% | 6.80% | 98-7 |
| March-98 | 6.72% | 6.80% | 98-11 |
| April-98 | 6.85% | 6.80% | 98-18 |
| May-98 | 6.84% | 6.80% | 98-23 |
| June-98 | 6.95% | 7.00% | 98-28 |
| July-98 | 6.83% | 6.80% | 98-33 |
| August-98 | 6.70% | 6.80% | 98-36 |
| September-98 | 6.67% | 6.60% | 98-43 |
| October-98 | 6.16% | 6.20% | 98-50 |
| November-98 | 5.42% | 5.40% | 98-52 |
| December-98 | 5.43% | 5.40% | 98-57 |
1997
| Valuation Month | 120% of Applicable Federal Midterm Rate | Section 7520 Interest Rate | Revenue Ruling |
|---|---|---|---|
| January-97 | 7.34% | 7.40% | 97-1 |
| February-97 | 7.68% | 7.60% | 97-7 |
| March-97 | 7.72% | 7.80% | 97-10 |
| April-97 | 7.82% | 7.80% | 97-17 |
| May-97 | 8.25% | 8.20% | 97-19 |
| June-97 | 8.19% | 8.20% | 97-24 |
| July-97 | 8.00% | 8.00% | 97-27 |
| August-97 | 7.69% | 7.60% | 97-30 |
| September-97 | 7.51% | 7.60% | 97-36 |
| October-97 | 7.63% | 7.60% | 97-41 |
| November-97 | 7.34% | 7.40% | 97-44 |
| December-97 | 7.25% | 7.20% | 97-50 |