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. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 2020 Section 7520 Interest Rates Valuation Month 120% of Applicable Federal Midterm Rate Section 7520 Interest Rate Revenue Ruling January 2020 2.03 2.0 Rev. Rul. 2020-01 February 2020 2.10 2.2 Rev. Rul. 2020-03 March 2020 1.83 1.8 Rev. Rul. 2020-06 April 2020 1.9 1.2 Rev. Rul. 2020-09 May 2020 0.70 0.80 Rev. Rul. 2020-11 June 2020 0.52 0.6 Rev. Rul. 2020-12 July 2020 0.54 0.6 Rev. Rul. 2020-14 August 2020 0.49 0.4 Rev. Rul. 2020-15 September 2020 0.42 0.4 Rev. Rul. 2020-16 October 2020 0.46 0.4 Rev. Rul. 2020-20 November 2020 0.47 0.4 Rev. Rul. 2020-22 December 2020 0.58 0.6 Rev. Rul. 2020-26 2019 Section 7520 Interest Rates Valuation Month 120% of Applicable Federal Midterm Rate Section 7520 Interest Rate Revenue Ruling January 2019 3.47 3.4 2019-3 February 2019 3.15 3.2 2019-4 March 2019 3.10 3.2 2019-7 April 2019 3.06 3.0 2019-8 May 2019 2.85 2.8 2019-12 June 2019 2.86 2.8 2019-14 July 2019 2.5 2.6 2019-16 August 2019 2.24 2.2 2019-17 September 2019 2.13 2.2 2019-20 October 2019 1.81 1.8 2019-23 November 2019 1.91 2.0 2019-25 December 2019 2.03 2.0 2019-26 2018 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Section 7520 Interest Rates for 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 Related Topics Estate and Gift Taxes Forms and Publications - Estate and Gift Tax Section 7520 Interest Rates
