Rev. Rul. 2025-13, 2025-28 I.R.B. 11

This revenue ruling provides various prescribed rates for federal income tax purposes for July 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%. 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. Finally, Table 6 contains the blended annual rate for 2024 for purposes of section 7872.

REV. RUL. 2025-13 TABLE 1 Applicable Federal Rates (AFR) for July 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

4.12%

4.08%

4.06%

4.05%

110% AFR

4.54%

4.49%

4.47%

4.45%

120% AFR

4.96%

4.90%

4.87%

4.85%

130% AFR

5.37%

5.30%

5.27%

5.24%

Mid-term

AFR

4.19%

4.15%

4.13%

4.11%

110% AFR

4.62%

4.57%

4.54%

4.53%

120% AFR

5.04%

4.98%

4.95%

4.93%

130% AFR

5.47%

5.40%

5.36%

5.34%

150% AFR

6.33%

6.23%

6.18%

6.15%

175% AFR

7.39%

7.26%

7.20%

7.15%

Long-term

AFR

4.90%

4.84%

4.81%

4.79%

110% AFR

5.39%

5.32%

5.29%

5.26%

120% AFR

5.89%

5.81%

5.77%

5.74%

130% AFR

6.39%

6.29%

6.24%

6.21%

REV. RUL. 2025-13 TABLE 2 Adjusted AFR for July 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

3.12%

3.10%

3.09%

3.08%

Mid-term adjusted AFR

3.17%

3.15%

3.14%

3.13%

Long-term adjusted AFR

3.71%

3.68%

3.66%

3.65%

REV. RUL. 2025-13 TABLE 3 Rates Under Section 382 for July 2025

Adjusted federal long-term rate for the current month

3.71%

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.)

3.71%

REV. RUL. 2025-13 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 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

8.06%

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

3.45%

REV. RUL. 2025-13 TABLE 5 Rate Under Section 7520 for July 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%

REV. RUL. 2025-13 TABLE 6 Blended Annual Rate for 2025

Section 7872(e)(2) blended annual rate for 2025

4.22%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

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 July 2025. See Rev. Rul. 2025-13, page 11.