West Virginia Updates Interest Rates for 2021 Calendar Year

Paul Ogawa

December 23, 2020

The West Virginia State Tax Department recently published Administrative Notice 2020-24 which provides information related to interest rates on underpayments and overpayments of taxes. These rates are established by the State Tax Commissioner by their authority under West Virginia Code §11-10-17 and §11-10-17a.

Beginning January 1, 2021 and ending on December 31, 2021, inclusive, the rate for underpayment of tax will be 7.75%. The interest rate for overpayments of tax will be 6.25%.

To review this notice in its entirety, please click here to visit the West Virginia State Tax Department online.

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Author

Paul Ogawa

Paul Ogawa is a Senior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.

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