7520 Rate for August Down at 1.4%

7520 Rate for August Down at 1.4%

News story posted in Revenue Rulings on 27 July 2016| comments
audience: National Publication | last updated: 27 July 2016


For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the applicable federal rate under section 7520 for August 2016 is 1.4%; down from July.

Click here to review all historical discount rates.

Advisors should be aware that the 7520 rate affects many charitable deductions. When calculating a deduction the current month's rate or the prior two months' rates may be used to optomize the deduction based on planning objectives.

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7520 Rates:  December 3.6%  November 3.6%  October 3.4%

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