Irs Family Loan Interest Rate 2024. 2023 was a roller coaster ride for. The irs has released (rev.
To avoid paying gift tax on a family loan, make sure to charge an interest rate that is at least equal to the applicable federal rate (afr) set by the irs. 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.
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