The penalty for underpaying your taxes is about to fall for the primary time since 2020. The IRS has introduced that the rates of interest it fees for underpayments will lower for the primary quarter of 2025 — Jan. 1 via March 31. The charges the federal company pays for overpayments additionally will fall. (Sure, in the event you pay extra in federal earnings taxes than you owed, the federal government owes you curiosity on…
