IRC Section 7520 Interest Rates

The following tables list the interest rates applied in calculating the deduction for split-interest charitable gifts, such as charitable remainder trusts and charitable gift annuities pursuant to IRC §7520. The interest rate for a particular month equals 120% of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest two-tenths of one percent. For example, 120% of the applicable federal midterm rate (compounded annually) for January 2025 is 5.10%. That rate is then rounded to the nearest two-tenths of one percent or 5.2% for purposes of IRC §7520.

2025

Month	120% of AFM Rate	7520 Rate	Revenue Ruling
January	5.10%	5.2%	Rev. Rul. 2025-01
February	5.43%	5.4%	Rev. Rul. 2025-05
March	5.36%	5.4%	Rev. Rul. 2025-06

2024

Month	120% of AFM Rate	7520 Rate	Revenue Ruling
January	5.25%	5.2%	Rev. Rul. 2024-02
February	4.79%	4.8%	Rev. Rul. 2024-03
March	4.97%	5.0%	Rev. Rul. 2024-04
April	5.17%	5.2%	Rev. Rul. 2024-07
May	5.31%	5.4%	Rev. Rul. 2024-09
June	5.61%	5.6%	Rev. Rul. 2024-12
July	5.40%	5.4%	Rev. Rul. 2024-13
August	5.22%	5.2%	Rev. Rul. 2024-15
September	4.84%	4.8%	Rev. Rul. 2024-17
October	4.45%	4.4%	Rev. Rul. 2024-21
November	4.45%	4.4%	Rev. Rul. 2024-24
December	5.03%	5.0%	Rev. Rul. 2024-26

2023

Month	120% of AFM Rate	7520 Rate	Revenue Ruling
January	4.62%	4.6%	Rev. Rul. 2023-1
February	4.59%	4.6%	Rev. Rul. 2023-3
March	4.45%	4.4%	Rev. Rul. 2023-5
April	4.99%	5.0%	Rev. Rul. 2023-6
May	4.30%	4.4%	Rev. Rul. 2023-9
June	4.28%	4.2%	Rev. Rul. 2023-10
July	4.62%	4.6%	Rev. Rul. 2023-12
August	4.92%	5.0%	Rev. Rul. 2023-13
September	5.04%	5.0%	Rev. Rul. 2023-16
October	5.33%	5.4%	Rev. Rul. 2023-18
November	5.65%	5.6%	Rev. Rul. 2023-20
December	5.79%	5.8%	Rev. Rul. 2023-21

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