Rev. Rul. 2025-13

This revenue ruling provides various prescribed rates for federal income

tax purposes for July 2025 (the current month). Table 1 contains the shortterm, 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, mid-term, 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 long-term 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%. 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. Finally, Table 6 contains the blended annual rate for 2024 for purposes of section 7872.

REV. RUL. 2025-13 TABLE 1 Applicable Federal Rates (AFR) for July 2025

Period for Compounding Annual Semiannual Quarterly Monthly Short-term AFR 4.12% 4.08% 4.06% 4.05% 110% AFR 4.54% 4.49% 4.47% 4.45% 120% AFR 4.96% 4.90% 4.87% 4.85% 130% AFR 5.37% 5.30% 5.27% 5.24% Mid-term AFR 4.19% 4.15% 4.13% 4.11% 110% AFR 4.62% 4.57% 4.54% 4.53% 120% AFR 5.04% 4.98% 4.95% 4.93% 130% AFR 5.47% 5.40% 5.36% 5.34% 150% AFR 6.33% 6.23% 6.18% 6.15% 175% AFR 7.39% 7.26% 7.20% 7.15% Long-term AFR 4.90% 4.84% 4.81% 4.79% 110% AFR 5.39% 5.32% 5.29% 5.26% 120% AFR 5.89% 5.81% 5.77% 5.74% 130% AFR 6.39% 6.29% 6.24% 6.21%

REV. RUL. 2025-13 TABLE 2

Adjusted AFR for July 2025

Period for Compounding Annual Semiannual Quarterly Monthly Short-term adjusted AFR 3.12% 3.10% 3.09% 3.08% Mid-term adjusted AFR 3.17% 3.15% 3.14% 3.13% Long-term adjusted AFR 3.71% 3.68% 3.66% 3.65%

Bulletin No. 2025–28 11 July 7, 2025

REV. RUL. 2025-13 TABLE 3 Rates Under Section 382 for July 2025 Adjusted federal long-term rate for the current month 3.71% Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal 3.71% long-term rates for the current month and the prior two months.)

REV. RUL. 2025-13 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for July 2025 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 8.06% Appropriate percentage for the 30% present value low-income housing credit 3.45%

REV. RUL. 2025-13 TABLE 5 Rate Under Section 7520 for July 2025 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

5.00%

REV. RUL. 2025-13 TABLE 6

Blended Annual Rate for 2025 Section 7872(e)(2) blended annual rate for 2025 4.22%

Section 42.—Low-Income Housing Credit

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 280G.—Golden Parachute Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 382.—Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change

The adjusted applicable federal long-term rate is set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 467.—Certain Payments for the Use of Property or Services

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 468.—Special Rules for Mining and Solid Waste Reclamation and Closing Costs

The applicable federal short-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 482.—Allocation of Income and Deductions Among Taxpayers

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 483.—Interest on Certain Deferred Payments

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Section 7520.—Valuation Tables

The applicable federal mid-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

July 7, 2025 12 Bulletin No. 2025–28

Section 7872.—Treatment of Loans With Below- Market Interest Rates

The applicable federal short-term, mid-term, and long-term rates are set forth for the month of July 2025. See Rev. Rul. 2025-13, page 11.

Bulletin No. 2025–28 13 July 7, 2025