Rev. Rul. 2024-26 — Internal Revenue Bulletin 2024-49

This revenue ruling provides various prescribed rates for federal income

tax purposes for December 2024 (the current month). Table 1 contains the short-term, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, midterm, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the longterm tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the

low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Finally, Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520.

REV. RUL. 2024-26 TABLE 1 Applicable Federal Rates (AFR) for December 2024

Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 4.30% 4.25% 4.23% 4.21% 110% AFR 4.73% 4.68% 4.65% 4.64% 120% AFR 5.17% 5.10% 5.07% 5.05% 130% AFR 5.61% 5.53% 5.49% 5.47% Mid-term AFR 4.18% 4.14% 4.12% 4.10% 110% AFR 4.60% 4.55% 4.52% 4.51% 120% AFR 5.03% 4.97% 4.94% 4.92% 130% AFR 5.45% 5.38% 5.34% 5.32% 150% AFR 6.31% 6.21% 6.16% 6.13% 175% AFR 7.38% 7.25% 7.19% 7.14% Long-term AFR 4.53% 4.48% 4.46% 4.44% 110% AFR 4.99% 4.93% 4.90% 4.88% 120% AFR 5.45% 5.38% 5.34% 5.32% 130% AFR 5.90% 5.82% 5.78% 5.75%

REV. RUL. 2024-26 TABLE 2 Adjusted AFR for December 2024

Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 3.26% 3.23% 3.22% 3.21% Mid-term adjusted AFR 3.16% 3.14% 3.13% 3.12% Long-term adjusted AFR 3.43% 3.40% 3.39% 3.38%

Bulletin No. 2024–49 1201 December 2, 2024

REV. RUL. 2024-26 TABLE 3 Rates Under Section 382 for December 2024 Adjusted federal long-term rate for the current month 3.43% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 3.43% long-term rates for the current month and the prior two months.)

REV. RUL. 2024-26 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for December 2024 Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Appropriate percentage for the 70% present value low-income housing credit 8.01% Appropriate percentage for the 30% present value low-income housing credit 3.43%

REV. RUL. 2024-26 TABLE 5 Rate Under Section 7520 for December 2024 Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest

5.0%

Section 42.—Low-Income Housing Credit