IFTA Annual Interest Rates
Effective July 1, 2013, the IFTA Articles of Agreement require that the annual interest rate for IFTA be set 2 percentage points above the IRS underpayment rate. The adjustment will occur on January 1 of each year. IFTA interest accrues monthly at the rate of 1/12 of the annual rate.
IFTA Annual Interest Rates and their effective dates:
| Rate | Period |
|---|---|
| 9% | January 1, 2025 through December 31, 2025 |
| 10% | January 1, 2024 through December 31, 2024 |
| 8% | January 1, 2023 through December 31, 2023 |
| 5% | January 1, 2021 through December 31, 2022 |
| 7% | January 1, 2019 through December 31, 2020 |
| 6% | January 1, 2017 through December 31, 2018 |
| 5% | July 1, 2013 through December 31, 2016 |
| 12% | Prior to July 1, 2013 |