Irs Interest Rates 2024 Afr. 1274 (d) of the internal revenue code for january 2024. Here’s a look at how the 50 basis point interest rate cut will affect your payments, based on loan or credit type, according to bankrate:

This month marks the first time the federal reserve has cut interest rates since march 2020, when the fed slashed rates to nearly zero in a bid to resuscitate the. What is the applicable federal rate (afr)?