Penalties and Interest

      Calendar Year Monthly Interest Rate Yearly Interest Rate
      2015 and prior 1.5% 18.00%
      2016 .42% 5.00%
      2017 .50% 6.00%
      2018 .50% 6.00%
      2019 2.38% 7.00%
         


Effective 1-1-2016 Interest 5.0% per annum (0.42%) per month (Interest is based on the Federal rate and may change annually)  Late File Penalty $25.00 per month or fraction of a month with a maximum of $150.00 Late Payment Penalty/Withholding: 50% of the total tax due. Late Payment Penalty Individuals/Corporates/Partnerships 15% of tax due.  Federal Short - Term Rate (July) FOUND HERE

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