7520 Rate for July Down at 2.2%

7520 Rate for July Down at 2.2%

News story posted in Revenue Rulings on 26 June 2017| comments
audience: National Publication | last updated: 26 June 2017
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Summary

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 July 2017 is 2.2%; down from June.

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: August 2.4% July 2.2% June 2.4%

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