Vermont Publishes Interest Rates for Calendar Year 2020

Vermont recently published their applicable interest rates for calendar year 2020. These rates will be effective beginning January 1, 2020 and apply to the underpayment and overpayment of tax liabilities during the 2020 calendar year.

The overpayment annual rate for 2020 will be 5.5%, while the underpayment annual rate will be 7.5%.

To review these rates along with the 2020 Interest Rate Memo published by the acting Commissioner of Taxes, please click here.

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Author

Paul Ogawa

Paul Ogawa is a Junior 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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