August 2017 SEPP/72(t) / Applicable Federal Rates
Last Updated July 31, 2017
The IRS has issued the Applicable Federal Rates for August 2017, in Revenue Ruling 2017-15. Among other things, this rate is used to calculate 72(t) Payments/SEPPs.
When calculating a SEPP using the annuitization or amortization methods, an assumed rate of interest that is not more than 120 percent of the federal mid-term rate (determined in accordance with IRC § 1274(d) for either of the two months immediately preceding the month in which the distribution begins) can be used.
Mid-term Rates for this month
|
|
Period for Compounding |
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|
|
Annual |
Semiannual |
Quarterly |
Monthly |
|
120% AFR |
2.34% |
2.33% |
2.32% |
2.32% |
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