Tax Newsletter – November 2025 (Volume 8, Issue 11)
FAQs - What’s New Under OBBB
- Inflation adjustments for TY2026 (standard deduction, brackets, AMT, estate exclusion, credits). See Issue 2.
- Clean Vehicle Credits program wind-down milestones and dealer reporting reminders. See Issue 8.
- Car Loan Interest Deduction reporting relief and lender obligations for 2025. See Issue 9.
- Roth catch-up rules finalized for age-50+ high-wage employees (effective generally 2027). See Issue 10.
- 1099-K threshold alignment (>$20k and >200 transactions). See Issue 12.
In this Month’s Issue:
- Issue 1 – MeF Shutdown Timeline: what to expect and where to track status
- Issue 2 – 2026 Inflation Adjustments: key thresholds you’ll use every day
- Issue 3 – Ghost Preparers: recent cases, red flags, and client protection
- Issue 4 – E-Verify Records: retention, disposal, and I-9 tie-outs
- Issue 5 – Remittance Excise Tax: deposit relief and safe harbors
- Issue 6 – Per Diem Update: new high-low & M&IE you can implement now
- Issue 7 – PTIN: new fee + ID.me login requirements
- Issue 8 – Clean Vehicle Credits: program sunset and dealer actions
- Issue 9 – Car Loan Interest: reporting relief and compliance notes
- Issue 10 – Roth Catch-ups: who must switch and when
- Issue 11 – SSA COLA: how to view your new benefit online
- Issue 12 – 1099-K FAQs: marketplace and platform reminders
- Issue 13 – ERC FAQs: late-filed 2021 claims limitations
- Issue 14 – AFRs for Nov 2025: quick-reference rates
Issue 1 – 1040 Modernized e-File (MeF) Production Shutdown
1040 MeF Production Shutdown Schedule
IRS previously announced the 1040 MeF shutdown to prepare for the 2026 filing season would be November 30, 2025. On October 23, 2025, the shutdown will be extended until sometime in December to align with the business tax return shutdown.
A detailed MeF production shutdown schedule, including both Individual tax returns shutdown and Business tax returns shutdown timelines, will be announced in a future QuickAlerts bulletin. Specific shutdown times will also be posted on the MeF Operational Status page.
Issue 2 – IRS Releases Tax Inflation Adjustments for Tax Year 2026, Including Amendments from the One, Big, Beautiful Bill – IR-2025-103
The Internal Revenue Service has announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.
Notable changes under the One, Big, Beautiful Bill
The tax year 2026 adjustments described below generally apply to tax returns filed in 2027. The tax items for tax year 2026 of greatest interest to most taxpayers include the following dollar amounts:
- Standard Deduction. For tax year 2026, the standard deduction increases to $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 for tax year 2026, and for heads of households, the standard deduction will be $24,150.
(Additionally, for tax year 2025, the OBBB raises the standard deduction amount to $31,500 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction for 2025 is $15,750, and for heads of households, the standard deduction is $23,625.)
| Filing Status |
2025 Standard Deduction |
2026 Standard Deduction |
| Married Filing Jointly |
$31,500 |
$32,200 |
| Single / Married Filing Separately |
$15,750 |
$16,100 |
| Head of Household |
$23,625 |
$24,150 |
- Marginal Rates: For tax year 2026, the top tax rate remains 37% for individual single taxpayers with incomes greater than $640,600 ($768,700 for married couples filing jointly). The other rates are:
35% for incomes over $256,225 ($512,450 for married couples filing jointly).
32% for incomes over $201,775 ($403,550 for married couples filing jointly).
24% for incomes over $105,700 ($211,400 for married couples filing jointly).
22% for incomes over $50,400 ($100,800 for married couples filing jointly).
12% for incomes over $12,400 ($24,800 for married couples filing jointly).
The lowest rate is 10% for incomes of single individuals with incomes of $12,400 or less ($24,800 for married couples filing jointly).
- Alternative Minimum Tax Exemption Amounts: For tax year 2026, the exemption amount for unmarried individuals is $90,100 and begins to phase out at $500,000 ($140,200 for married couples filing jointly for whom the exemption begins to phase out at $1,000,000).
- Estate Tax Credits: Estates of decedents who die during 2026 have a basic exclusion amount of $15,000,000, up from a total of $13,990,000 for estates of decedents who died in 2025.
- Adoption Credits: The maximum credit allowed for adoptions for tax year 2026 is the amount of qualified adoption expenses up to $17,670, up from $17,280 for 2025. For tax year 2026, the amount of credit that may be refundable is $5,120.
- Employer-Provided Childcare Tax Credit: For tax year 2026, the OBBB significantly enhances an important credit for employers; it increases the maximum amount of employer-provided childcare tax credit from $150,000 to $500,000 ($600,000 if the employer is an eligible small business).
Other notable items affected by indexing
- Earned Income Tax Credits: The tax year 2026 maximum Earned Income Tax Credit (EITC) amount is $8,231 for qualifying taxpayers who have three or more qualifying children, up from $8,046 for tax year 2025. Revenue Procedure 2025-32 contains a table providing maximum EITC amount for other categories, income thresholds and phase-outs.
- Qualified Transportation Fringe Benefit: For tax year 2026, the monthly limitation for the qualified transportation fringe benefit and the monthly limitation for qualified parking increases to $340, up $15 from 2025.
- Health Flexible Spending Cafeteria Plans: For tax years beginning in 2026, the dollar limitation for voluntary employee salary reductions for contributions to health flexible spending arrangements increases to $3,400, up $100 from prior year. For cafeteria plans that permit the carryover of unused amounts, the maximum carryover amount is $680, an increase of $20 from tax years beginning in 2025.
- Medical Savings Accounts: For tax year 2026, participants who have self-only coverage in a Medical Savings Account, the plan must have an annual deductible that is not less than $2,900, up $50 from tax year 2025 – but not more than $4,400, an increase of $100 from tax year 2025. For self-only coverage, the maximum out-of-pocket expense amount is $5,850, up $150 from 2025. For tax year 2026, for family coverage, the annual deductible is not less than $5,850, up from $5,700 for 2025; however, the deductible cannot be more than $8,750, up $200 from the limit for tax year 2025. For family coverage, the out-of-pocket expense limit is $10,700 for tax year 2026, an increase of $200 from tax year 2025.
- Foreign Earned Income Exclusion: For tax year 2026, the foreign earned income exclusion is $132,900 up from $130,000 for tax year 2025.
- Annual Exclusion for Gifts: For tax year 2026, the annual exclusion for gifts remains at $19,000. (However, the annual exclusion for gifts to a spouse who is not a citizen of the United States increases to $194,000 for calendar year 2026, up $4,000 from calendar year 2025.)
Items unaffected by indexing
By statute, certain items that were indexed for inflation in the past are currently not adjusted.
- Personal Exemptions: For tax year 2026, personal exemptions remain at 0, as in tax year 2025. The elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act of 2017 and was made permanent by OBBB. (The personal exemption described here does not include the senior deduction added by OBBB.)
- Itemized Deductions: The limitation on itemized deductions was previously eliminated for tax years 2018 - 2025. The elimination of the limitation was made permanent by OBBB, although it imposes a limitation on the tax benefit from itemized deductions for those taxpayers in the highest tax bracket (37%).
- Lifetime Learning Credits: The modified adjusted gross income (MAGI) amount used to phase out the Lifetime Learning Credit has not been adjusted for inflation for tax years beginning after Dec. 31, 2020. The Lifetime Learning Credit is phased out for taxpayers with MAGI between $80,000 and $90,000 ($160,000 and $180,000 for joint returns).
Issue 3 – Recent IRS Enforcement Against Ghost Tax Preparers
The IRS remains committed to protecting taxpayers by rigorously pursuing and prosecuting unethical or fraudulent tax preparers. Recent enforcement actions highlight how the IRS is holding fraudulent tax preparers accountable and are a critical part of maintaining integrity and public trust in the tax system. IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS responsible for conducting financial crime investigations, including tax fraud. IRS-CI investigated the following schemes generating over $1 million in fraudulent tax refunds.
In August 2025, Kim Brown, who operated a “ghost” tax preparation business in Augusta, GA, was sentenced to 22 months in federal prison and ordered to pay $541,912 in restitution for defrauding the IRS. Brown operated as a “ghost” preparer because she failed to identify herself as a paid preparer on the tax returns that she prepared and filed for her clients. As a “ghost” preparer, Brown fabricated income to qualify her clients for tax credits, claimed fake deductions to boost the size of the refund, and charged clients a fee based on a percentage of the tax refund.
“Not signing off on a tax return is just one of the signs someone is acting as a ghost preparer,” said Special Agent in Charge Demetrius Hardeman, IRS CI, Atlanta Field Office. “Today’s sentencing of Kim Brown is an example of IRS Criminal Investigation special agents working diligently to protect taxpayers from dishonest tax preparers and a notification to the public of just one scheme utilized by ghost tax preparers.”
On September 25, 2025, Allen Brown, who also operated a “ghost” tax preparation business in Augusta, was sentenced to 46 months in federal prison and ordered to pay $1,003,631 in restitution for defrauding the IRS. Court documents state that in 2022 and 2023, Brown and several individuals operated a “ghost” tax preparation business by failing identify himself as a paid preparer on the federal income tax returns that he prepared and filed for his clients.
As a “ghost” preparer, Brown fabricated income to qualify his clients for tax credits, claimed fake deductions to boost the size of the refund, and charged clients a fee based on a percentage of the tax refund. Brown and other “ghost” preparers who worked with him falsified 63 federal income tax returns for clients.
Issue 4 – E-Verify Records Retention and Disposal Fact Sheet
USCIS annually disposes of E-Verify employer records that are 10 years old or older per the National Archives and Records Administration (NARA) records retention and disposal schedule (N 1-566-08-7).
This reduces security and privacy risks associated with the U.S. government retaining personally identifiable information. To retain E-Verify case information, your company’s program administrator or corporate administrator may download and save the Historical Records Report, which includes:
- Company name and location
- Initiated date and verification case number
- Employee name and date of initial resolution
- Date of additional resolution and final status
- Case closure date and case closure description
E-Verify requires Employers to record or print and file the E-Verify case number for each corresponding Form I-9, Employment Eligibility Verification. Employers may also retain the Historical Records Report with the corresponding Forms I-9.
For more information about downloading your records see the E-Verify Records Retention Instructions.
Issue 5 – Treasury, IRS Provide Penalty Relief for Remittance Transfer Providers Who Fail to Deposit Excise Tax Under the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service has issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
Penalty relief available for the first three quarters of 2026
Treasury and the IRS understand there might be challenges implementing the new law and have determined it is in the interest of sound tax administration to provide limited penalty relief related to remittance transfer tax deposits.
Notice 2025-55 provides limited penalty relief for remittance transfer providers who fail to deposit the correct amount of remittance transfer tax as required during the first three quarters of 2026. Specifically, these providers may avoid deposit penalties if they:
- Make timely deposits, even if they are incorrectly calculated, and
- Ultimately pay the full amount of any underpayment by the due date of Form 720, Quarterly Federal Excise Tax Return, for the quarter.
Additionally, under today’s guidance, remittance transfer providers may use the deposit safe harbor rules under the Excise Tax Procedural Regulations even if there was an underpayment of required deposits of the remittance transfer tax for the first three quarters of 2026. However, providers must satisfy the reasonable cause standard for deposit penalties.
Remittance transfer tax under the OBBB
Beginning Jan. 1, 2026, remittance transfer providers are required to collect the remittance transfer tax from certain senders, make semimonthly deposits and file quarterly returns with the IRS. The first semimonthly deposit is due Jan. 29, 2026. The 1% remittance tax will apply to certain remittances when the sender makes the transaction with cash, a money order, a cashier’s check or a similar physical instrument.
Issue 6 – IRS Updates Per Diem Rates for 2025–2026 Travel
The IRS released Notice 2025-54, which updates special per diem rates for business travel beginning Oct. 1, 2025. These rates help taxpayers and practitioners substantiate business travel expenses without requiring detailed receipts.
For the transportation industry, the meals and incidental expenses (M&IE) rate is set at $80 per day for travel within the continental U.S. and $86 for travel outside the continental U.S. The incidental expenses rate remains at $5 per day, regardless of the travel location.
Additionally, the high-low substantiation method has also been updated. The daily rate is $319 for high-cost localities and $225 for all other continental U.S. areas. Of that, $86 is considered the meals portion in high-cost areas and $74 in other areas. Preparers should also continue to follow the guidance in Revenue Procedure 2019-48 or any subsequent procedures.
Issue 7 – IRS PTIN User Fee and Login Updates
The IRS is lowering the preparer tax identification number (PTIN) user fee under interim final regulations. The change drops the IRS user fee from $11 to $10 for both new and renewal applications after Sept. 30, 2025. With the addition of a third-party contractor fee of $8.75, the total annual cost to preparers is now $18.75.
This revision stems from a 2023 district court opinion in Steele v. United States, which deemed the prior total fee of $30.75 excessive. This new structure reflects a recalculated cost model for fiscal years 2024–2026, which evaluated direct and indirect costs, including labor and overhead required to maintain PTIN application systems. These costs were divided by the number of expected applications to arrive at the current figure.
As a reminder, after July 7, 2025, PTIN users with a Social Security number will be required to log into the PTIN portal using ID.me credentials. The IRS has retired any previous username and password logins for these users. Creating an ID.me account requires a government-issued photo ID, a camera-enabled device and an email address. Once verified, the ID.me account can be used to access and manage PTIN applications securely. Note that preparers who already use ID.me for other government services may access the portal using their existing account.
Issue 8 – Important Reminders Related to the Termination of the Clean Vehicle Credits
The One, Big, Beautiful Bill (OBBB) (Public Law 119-21, 139 Stat. 72 (July 4, 2025), accelerated the termination of the Clean Vehicle Credit, sections 30D, 25E, and 45W.
On August 21, 2025, IRS issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill (OBBB).
Key points in the FAQs include:
- New user registrations for the Clean Vehicle Credit program, through the Energy Credits Online (ECO) portal, will close on September 30, 2025.
- The ECO portal will remain open beyond September 30, 2025, for limited usage by previously registered users to submit time of sale reports and updates to such reports, such as when there has been a vehicle returned.
Important Reminders:
- If you are not fully registered to use ECO and anticipate needing to submit a time of sale report and/or request the buyer’s credit when they elect to transfer their credit to the dealer at the time of sale, please register now.
- Please promptly submit time of sale reports, returns, and cancellations.
- Note: Time of sale reports are required to be submitted through ECO within 3 calendar days of the date of sale.
- Dealers can now upload supporting documentation with the submission of a time of sale report. Dealers are encouraged to upload supporting documentation such as the complete vehicle deal jacket and any documents pertaining to the clean vehicle credit, which may expedite any review process.
For more information on the expiration of the clean vehicle credits, please see Fact Sheet 2025-05.
Issue 9 – Additional Guidance on Car Loan Interest Deduction
IRS announced that it issued transition relief (see Notice 2025-57, 2025-45 IRB) and guidance for certain lenders and others regarding Code Sec. 6050AA; reporting obligations for interest received on qualified passenger vehicle loans in calendar year 2025.
Treasury, IRS provide transition relief for 2025 for businesses reporting car loan interest under the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service today provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in 2025 under the OBBB.
Transition relief for 2025
Notice 2025-57 provides transitional relief for 2025 for lenders and other interest recipients who are required to file information returns with the IRS and provide statements to borrowers showing the total amount of interest received on qualified passenger vehicle loans and other information related to the loan.
A qualified passenger vehicle is a car, minivan, van, SUV, pick-up truck or motorcycle, with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone final assembly in the United States.
Under today's guidance, the IRS will consider that lenders have met their reporting obligations for interest received on a qualified passenger car loan in 2025 if they make a statement available to the buyer indicating the total amount of interest received. Specifically, lenders can meet their reporting requirements by making this total amount of interest available:
- On an online portal that the buyer can easily access.
- In a regular monthly statement.
- On an annual statement that is provided to the buyer; or
- By other similar means designed to provide accurate information to the buyer regarding interest received.
In addition, the IRS will not impose penalties on lenders for failure to file information returns and provide payee statements if they satisfy their reporting obligations as described in the Notice.
OBBB: No tax on car loan interest
This new tax benefit allows certain taxpayers to deduct interest paid on a qualified passenger vehicle loan during a taxable year beginning after Dec. 31, 2024, and before Jan. 1, 2029, provided the loan is incurred after Dec. 31, 2024, and the vehicle is purchased for personal use.
Businesses that receive from any individual interest of $600 or more for any calendar year on a qualified passenger vehicle loan must comply with the new reporting requirements. Statistics show that sales of all new passenger cars in the U.S. totaled approximately 2.4 million last year and over 80% of those car sales were financed, often at the dealership.
Issue 10 – Treasury, IRS Issue Final Regulations on New Roth Catch-up Rule, Other SECURE 2.0 Act Provisions
IRS and Treasury has issued final regulation addressing several SECURE 2.0 Act provisions relating to catch-up contributions. The final regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions.
The final regulations provide guidance for plan administrators to implement and comply with the new Roth catch-up rule, and reflect comments received in response to the proposed regulations issued in January. The final regulations also provide guidance relating to increased catch-up contribution limits under the SECURE 2.0 Act for certain retirement plan participants, in particular employees between the ages of 60-63 and employees in newly established SIMPLE plans.
Issue 11 – Be Prepared to View Your New Benefit Amount with a Personal my Social Security Account
75 million Americans will receive a 2.8 % increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2026.illion Americans will receive a 2.8 % increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2026.
Who will receive the COLA notice?
Cost-of-living adjustment (COLA) notices will be sent to retirement, survivor, and disability beneficiaries, SSI recipients, and representative payees.
Take action by November 19 to view your new benefit amount online
Starting in late November, you may be able to securely view and save your Social Security COLA notice within your personal my Social Security account.
Log in to or create an account and edit your Communication & Notification Preferences to receive secure online notices, up to three weeks earlier than by mail.
What are the benefits of a personal my Social Security account?
A personal my Social Security account comes with a wide range of benefits that make managing your information easier and more secure. Many important notifications — such as the COLA notice and the 1099 and 1042S benefit statements — are available online. You don’t have to wait for them to arrive by mail or worry about them getting lost.
With your account, you can also request a replacement Social Security card, check the status of a claim, update your address, and set up or change your direct deposit information. And that’s just the beginning. New features are added regularly to enhance your experience. Log in to or create your account today and take the next step toward going digital with Social Security.
Social Security Announces 2.8 Percent Benefit Increase for 2026
Over the last decade the cost-of-living adjustment (COLA) increase has averaged about 3.1 percent. The COLA was 2.5 percent in 2025.
Nearly 71 million Social Security beneficiaries will see a 2.8 percent COLA beginning in January 2026. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2025. (Note: Some people receive both Social Security benefits and SSI).
Other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) is slated to increase to $184,500 from $176,100.
Social Security begins notifying people about their new benefit amount by mail starting in early December 2025.
Similar to last year, Social Security beneficiaries will receive a simplified, one-page COLA notice, which uses plain and personalized language, and provides exact dates and dollar amounts of an individual’s new benefit amount and any deductions.
Individuals who have my Social Security accounts can view their COLA notices online, which is secure, easy, and faster than receiving a letter in the mail. Account holders can set up text or email alerts when they receive a new message, such as their COLA notice.
To receive a COLA notice online, individuals will need to create or sign in to their personal my Social Security account and opt out of paper notices by November 19, 2025. Go Digital! Create an account today at
ssa.gov/myaccount. 📌 An online my Social Security account also gives individuals access to request a replacement Social Security card, view their claim status and benefits, and view their SSA-1099.
Information about Medicare changes for 2026 will be available at
medicare.gov. 📌 For Medicare enrollees, the 2026 premium amount will be available via my Social Security Message Center starting in late November. Individuals who have not opted to receive messages online will receive their COLA notice by mail in December.
The Social Security Act provides for how the COLA is calculated. The Social Security Act ties the annual COLA to the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) as determined by the Department of Labor's Bureau of Labor Statistics.
Issue 12 – IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000
The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill.
The OBBB retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) so that third party settlement organizations are not required to file Forms 1099-K unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.
Form 1099-K is an IRS information return used to report certain payments to improve voluntary tax compliance. The requirement to file a Form 1099-K can be triggered when payments are received for goods or services through a payment settlement entity.
Issue 13 – IRS issues FAQs to address Employee Retention Credits under ERC compliance provisions of the One, Big, Beautiful Bill
The Internal Revenue Service has issued frequently asked questions in Fact Sheet 2025-07 relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after Jan. 31, 2024. This limitation was enacted under the One, Big, Beautiful Bill.
The FAQs discuss the limitation generally, when a claim is considered to be timely filed, and what appeals rights are available if an ERC claimed on a return is disallowed.
Issue 14 – Applicable Federal Rates for November 2025, Rev. Rul. 2025-21
REV. RUL. 2025-19 TABLE 1
Applicable Federal Rates (AFR) for November 2025
| |
Period for Compounding
|
|
Annual |
Semiannual |
Quarterly |
Monthly |
| Short-term |
| AFR |
3.69% |
3.66% |
3.64% |
3.63% |
| 110% AFR |
4.07% |
4.03% |
4.01% |
4.00% |
| 120% AFR |
4.44% |
4.39% |
4.37% |
4.35% |
| 130% AFR |
4.82% |
4.76% |
4.73% |
4.71% |
| Mid-term |
| AFR |
3.83% |
3.79% |
3.77% |
3.76% |
| 110% AFR |
4.21% |
4.17% |
4.15% |
4.13% |
| 120% AFR |
4.60% |
4.55% |
4.52% |
4.51% |
| 130% AFR |
4.99% |
4.93% |
4.90% |
4.88% |
| 150% AFR |
5.77% |
5.69% |
5.65% |
5.62% |
| 175% AFR |
6.74% |
6.63% |
6.58% |
6.54% |
| Long-term |
| AFR |
4.62% |
4.57% |
4.54% |
4.53% |
| 110% AFR |
5.09% |
5.03% |
5.00% |
4.98% |
| 120% AFR |
5.56% |
5.48% |
5.44% |
5.42% |
| 130% AFR |
6.03% |
5.94% |
5.90% |
5.87% |
REV. RUL. 2025-19 TABLE 2
Adjusted AFR for November 2025
| |
Period for Compounding
|
|
Annual |
Semiannual |
Quarterly |
Monthly |
Short-term
adjusted AFR |
2.80% |
2.78% |
2.77% |
2.76% |
Mid-term
adjusted AFR |
2.90% |
2.88% |
2.87% |
2.86% |
Long-term
adjusted AFR |
3.50% |
3.47% |
3.46% |
3.45% |
REV. RUL. 2025-19 TABLE 3
Rates Under Section 382 for November 2025
| Adjusted federal long-term rate for the current month |
3.50% |
|
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.)
|
3.65% |
REV. RUL. 2025-19 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for November 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 |
7.98% |
| Appropriate percentage for the 30% present value low-income housing credit |
3.42% |
REV. RUL. 2025-19 TABLE 5
Rate Under Section 7520 for November 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
|
4.60% |
