The IRS has announced that the interest rates applicable to overpayments and underpayments of federal taxes is lower in the third quarter of 2019 compared with the rates in the second quarter of the year (Rev. Rul. 2019-15). The rates are:
Note: The IRS also announced the blended rate for 2019, which is used to figure imputed interest on below market demand loans outstanding for the entire year (Rev. Rul. 2019-16). The blended rate is 2.42%.
Depreciation methods that allow faster write-offs than straight-line rates in the earlier periods of the useful life of an asset. For example, in the first few years of recovery, MACRS allows a 200% double declining balance write-off, twice the straight-line rate.