Rev. Rul. 2025-8, 2025-15 I.R.B. 1390

This revenue ruling provides various prescribed rates for federal income tax purposes for April 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. 2025-8 TABLE 1 Applicable Federal Rates (AFR) for April 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term

AFR

4.16%

4.12%

4.10%

4.09%

110% AFR

4.58%

4.53%

4.50%

4.49%

120% AFR

5.00%

4.94%

4.91%

4.89%

130% AFR

5.43%

5.36%

5.32%

5.30%

Mid-term

AFR

4.21%

4.17%

4.15%

4.13%

110% AFR

4.64%

4.59%

4.56%

4.55%

120% AFR

5.06%

5.00%

4.97%

4.95%

130% AFR

5.49%

5.42%

5.38%

5.36%

150% AFR

6.36%

6.26%

6.21%

6.18%

175% AFR

7.43%

7.30%

7.23%

7.19%

Long-term

AFR

4.61%

4.56%

4.53%

4.52%

110% AFR

5.08%

5.02%

4.99%

4.97%

120% AFR

5.54%

5.47%

5.43%

5.41%

130% AFR

6.02%

5.93%

5.89%

5.86%

REV. RUL. 2025-8 TABLE 2 Adjusted AFR for April 2025 Period for Compounding

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

3.15%

3.13%

3.12%

3.11%

Mid-term adjusted AFR

3.20%

3.17%

3.16%

3.15%

Long-term adjusted AFR

3.49%

3.46%

3.45%

3.44%

REV. RUL. 2025-8 TABLE 3 Rates Under Section 382 for April 2025

Adjusted federal long-term rate for the current month

3.49%

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.)

3.67%

REV. RUL. 2025-8 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for April 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

8.02%

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

3.44%

REV. RUL. 2025-8 TABLE 5 Rate Under Section 7520 for April 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 April 2025. See Rev. Rul. 2025-8, page 1390.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of April 2025. See Rev. Rul. 2025-8, page 1390.

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 April 2025. See Rev. Rul. 2025-8, page 1390.