Interest rates on underpayments, overpayments for 2014

The Rhode Island Division of Taxation today posted the interest rates that will apply in 2014 on overpayments and delinquencies. The rates are the same as those that applied for 2013:

• The rate on delinquent tax payments will be 18 percent per annum for calendar year 2014.
• Interest on overpayments for calendar year 2014 will be at the rate of 3.25 percent per annum.