Instant Interest Release Notes Version 18.2.0.0

Release 18.2.0.0 reflects the following changes effective April 1, 2018:

  • Alaska changed from 7.25% to 7.50% compounded quarterly for both underpayments and overpayments.
  • Alabama changed from 4.00% to 5.00% simple interest for both underpayments and overpayments.
  • Arizona changed from 4.00% to 5.00% compounded annually for both underpayments and overpayments.
  • Federal changed from 4.00% to 5.00% compounded daily for underpayments and 3.00% to 4.00% compounded daily for overpayments.
  • Massachusetts changed from 5.00% to 6.00% compounded daily for underpayments and 3.00% TO 4.00% simple interest for overpayments.
  • Missouri changed from 0.90% to 1.00% simple interest for overpayments; interest for overpayments remained at 4.00%.
  • New Mexico changed from 4.00% to 5.00% simple interest for both underpayments and overpayments.
  • Both New York City and New York State changed from 8.00% to 9.00% compounded daily for underpayments and 3.00% to 4.00% compounded daily for overpayments.
  • South Carolina changed from 4.00% to 5.00% compounded daily for underpayments and from 1.00% to 2.00% compounded daily for overpayments.
  • Virginia changed from 6.00% to 7.00% compounded daily for both underpayments and overpayments.
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