The interest rate varies, but is typically around 3%-5%. It can change quarterly and is based on the Federal short-term rate plus 3%. Interest on your unpaid tax compounds daily, so you will want to pay it as soon as you are able.
The interest rate varies, but is typically around 3%-5%. It can change quarterly and is based on the Federal short-term rate plus 3%. Interest on your unpaid tax compounds daily, so you will want to pay it as soon as you are able.