Rev. Rul. 2025-12, 2025-23 I.R.B. 1471

This revenue ruling provides various prescribed rates for federal income tax purposes for June 2025 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Finally, Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520.

REV. RUL. 2025-12 TABLE 1 Applicable Federal Rates (AFR) for June 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

4.00%

3.96%

3.94%

3.93%

110% AFR

4.41%

4.36%

4.34%

4.32%

120% AFR

4.81%

4.75%

4.72%

4.70%

130% AFR

5.22%

5.15%

5.12%

5.10%

Mid-term

AFR

4.07%

4.03%

4.01%

4.00%

110% AFR

4.48%

4.43%

4.41%

4.39%

120% AFR

4.90%

4.84%

4.81%

4.79%

130% AFR

5.31%

5.24%

5.21%

5.18%

150% AFR

6.14%

6.05%

6.00%

5.98%

175% AFR

7.17%

7.05%

6.99%

6.95%

Long-term

AFR

4.77%

4.71%

4.68%

4.66%

110% AFR

5.25%

5.18%

5.15%

5.12%

120% AFR

5.73%

5.65%

5.61%

5.58%

130% AFR

6.21%

6.12%

6.07%

6.04%

REV. RUL. 2025-12 TABLE 2 Adjusted AFR for June 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

3.03%

3.01%

3.00%

2.99%

Mid-term adjusted AFR

3.08%

3.06%

3.05%

3.04%

Long-term adjusted AFR

3.61%

3.58%

3.56%

3.55%

REV. RUL. 2025-12 TABLE 3 Rates Under Section 382 for June 2025

Adjusted federal long-term rate for the current month

3.61%

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months.)

3.61%

REV. RUL. 2025-12 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for June 2025

Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income housing credit

8.03%

Appropriate percentage for the 30% present value low-income housing credit

3.44%

REV. RUL. 2025-12 TABLE 5 Rate Under Section 7520 for June 2025

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.00%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 382.—Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change

The adjusted applicable federal long-term rate is set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 467.—Certain Payments for the Use of Property or Services

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 468.—Special Rules for Mining and Solid Waste Reclamation and Closing Costs

The applicable federal short-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 482.—Allocation of Income and Deductions Among Taxpayers

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 483.—Interest on Certain Deferred Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations

The adjusted applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.

Section 7872.—Treatment of Loans With Below-Market Interest Rates

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2025. See Rev. Rul. 2025-12, page 1471.