FTB interest rate for second half of 2020 - Spidell

FTB interest rate for second half of 2020


The FTB has released the interest rate for July 1, 2020 through December 31, 2020. (Memorandum on Adjusted Interest Rate for the Second Half of 2020, California Franchise Tax Board January 10, 2020)

The interest rate on personal income tax underpayments and overpayments and on corporate tax underpayments will remain at 5%. The interest rate on corporate tax overpayments will remain at 2%.