Pennsylvania Interest Rate and Calculation Method for All Taxes Due After Jan. 1, 1982
Extracted from PDF file 2024-pennsylvania-form-rev-1611.pdf, last modified January 2024Interest Rate and Calculation Method for All Taxes Due After Jan. 1, 1982
2024 REV-1611 (AD+) 12-23 Interest Rate and Calculation Method for Title 72 Taxes Due After Jan. 1, 1982 The PA Department of Revenue will calculate daily interest on taxes due the commonwealth using an annual interest rate, which varies by calendar year. The following interest rates are applied on any outstanding tax balance originally due on or after Jan. 1, 1982, and on delinquent taxes originally due during the years indicated below: CALENDAR YEAR INTEREST RATE DAILY RATE CHARGED FROM 2024 8% 0.000219 1/1/24 - 12/31/24 2023 7% 0.000192 1/1/23 - 12/31/23 2021 - 2022 3% 0.000082 1/1/21 - 12/31/22 2020 5% 0.000137 1/1/20 - 12/31/20 2019 6% 0.000164 1/1/19 - 12/31/19 2017 - 2018 4% 0.000110 1/1/17 - 12/31/18 2011 - 2016 3% 0.000082 1/1/11 - 12/31/16 2010 4% 0.000110 1/1/10 - 12/31/10 2009 5% 0.000137 1/1/09 - 12/31/09 2008 7% 0.000192 1/1/08 - 12/31/08 2007 8% 0.000219 1/1/07 - 12/31/07 2006 7% 0.000192 1/1/06 - 12/31/06 2005 5% 0.000137 1/1/05 - 12/31/05 2004 4% 0.000110 1/1/04 - 12/31/04 2003 5% 0.000137 1/1/03 - 12/31/03 2002 6% 0.000164 1/1/02 - 12/31/02 2001 9% 0.000247 1/1/01 - 12/31/01 2000 8% 0.000219 1/1/00 - 12/31/00 1999 7% 0.000192 1/1/99 - 12/31/99 1995 - 1998 9% 0.000247 1/1/95 - 12/31/98 1993 - 1994 7% 0.000192 1/1/93 - 12/31/94 1992 9% 0.000247 1/1/92 - 12/31/92 1988 - 1991 11% 0.000301 1/1/88 - 12/31/91 1987 9% 0.000247 1/1/87 - 12/31/87 1986 10% 0.000274 1/1/86 - 12/31/86 1985 13% 0.000356 1/1/85 - 12/31/85 1984 11% 0.000301 1/1/84 - 12/31/84 1983 16% 0.000438 1/1/83 - 12/31/83 1982 20% 0.000548 1/1/82 - 12/31/82 Interest is calculated on a daily basis using the following formula: INTEREST = LATE OR UNPAID TAX x NUMBER OF DAYS x APPLICABLE DAILY INTEREST RATE Outstanding taxes due on or before Dec. 31, 1981, will bear interest at the old rates and using the old calculation methods governed by individual laws and regulations for each of the various taxes. Motor and Alternative Fuel Taxes are statutorily administered by Title 75, the PA Vehicle Code; interest rates for these tax types are available upon request. revenue.pa.gov REV-1611 1
2024 Interest Rate and Calculation Method for Title 72 Taxes Due After Jan. 1, 1982 (REV-1611)
More about the Pennsylvania Form REV-1611 Other TY 2024
We last updated the Interest Rate and Calculation Method for All Taxes Due After Jan. 1, 1982 in January 2024, so this is the latest version of Form REV-1611, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-1611 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.
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Form Sources:
Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form REV-1611 from the Department of Revenue in January 2024.
Historical Past-Year Versions of Pennsylvania Form REV-1611
We have a total of three past-year versions of Form REV-1611 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2024 Interest Rate and Calculation Method for Title 72 Taxes Due After Jan. 1, 1982 (REV-1611)
2023 Interest Rate and Calculation Method for Title 72 Taxes Due After Jan. 1, 1982 (REV-1611)
2022 Interest Rate and Calculation Method for All Taxes Due After Jan. 1, 1982 (REV-1611)
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