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Rates for January 2023
Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2023-3, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for January 2023.
Today, the Internal Revenue Service (IRS) issued Revenue Ruling 2023-3, which provides various prescribed rates for federal income tax purposes, including applicable federal interest rates, adjusted applicable federal interest rates, and adjusted long-term and tax-exempt rates for January 2023.As provided in the ruling, Table 4 contains LIHTC Appropriate Percentages Under Section 42(b)(1) for January 2023:
- Appropriate percentage for the 70% present value low-income housing credit: 7.89%
- Appropriate percentage for the 30% present value low-income housing credit: 3.38%
>> View the Attached Revenue Ruling from IRS
