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Iowa 2010 interest rates on overpayments, underpayments declines to 5%
October 23, 2009
Iowa has announced that the interest rate on late taxes or refunds will be 5% annually for 2010. The rate for 2009 is 8%.
Link: Historic Iowa interest rates.
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Comments
Does this mean that the good governor plans on paying tax refunds late next year and is lessening the financial impact of the delays?
Posted by: Brad | October 23, 2009 3:48 PM
While it works that way, the rate is set by law; it's just math. They're lucky that rates happen to be down.
Posted by: Joe Kristan | October 23, 2009 4:28 PM