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IFTA Interest Rates
Effective July 1, 2013, the IFTA Articles of Agreement require that the annual interest rate for IFTA be set 2 percentage points above the IRS underpayment rate. The adjustment will occur on January 1 of each year. IFTA interest accrues monthly at the rate of 1/12 of the annual rate. See the tables below for the applicable rates. These rates are set by IFTA, Inc. For more information, see the IFTA website at iftach.org.
Period
|
IRS Underpayment Rate
|
IFTA Annual Interest Rate
|
|---|---|---|
| 01/01/2024 - 12/31/2024 | 8% | 10% |
| 01/01/2023 - 12/31/2023 | 6% | 8% |
| 01/01/2022 - 12/31/2022 | 3% | 5% |
| 01/01/2021 - 12/31/2021 |
3% | 5% |
| 01/01/2020 - 12/31/2020 |
5% | 7% |
| 01/01/2019 - 12/31/2019 | 5% | 7% |
| 01/01/2018 - 12/31/2018 | 4% | 6% |
| 01/01/2017 - 12/31/2017 | 4% | 6% |
| 01/01/2016 - 12/31/2016 | 3% | 5% |
| 01/01/2015 - 12/31/2015 | 3% | 5% |
| 01/01/2014 - 12/31/2014 | 3% | 5% |
| 07/01/2013 - 12/31/2013 | 3% | 5% |