Irs Interest Rates 2024 Individual. In november 2023, the irs announced it would not raise federal tax interest rates in the first quarter 2024. The standard deduction for individual taxpayers rises to $14,600 in 2024, a $750 increase from 2023.

The rates for interest determined under section 6621 of the code for the calendar quarter beginning january 1, 2024, will be 8. In november 2023, the irs announced it would not raise federal tax interest rates in the first quarter 2024.