ARTICLE · 25 JANUARY 2022

IRS Publishes AFRs For February 2022

Greensfelder, Hemker & Gale

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The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for February 2022.

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Greensfelder, Hemker & Gale

The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for February 2022. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for February 2022:

	Annual	Semiannual	Quarterly	Monthly
Short-term	0.59%	0.59%	0.59%	0.59%
Mid-term	1.40%	1.40%	1.40%	1.40%
Long-term	1.92%	1.91%	1.91%	1.90%

The Section 7520 interest rate for February 2022 is 1.6 percent. The Section 7520 interest rate is the interest rate used in a common estate tax planning technique called a "grantor retained annuity trust" or "GRAT." In general, the lower the interest rate, the more effective the transaction is for reducing estate taxes.

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