Virginia Announces Interest Rates for Second Quarter of 2021

Robert Beck
March 25, 2021

Virginia recently announced the interest rates for underpayments and overpayments of tax for the second quarter of 2021. Virginia bases it’s rates on the federal rates, holding their rates at 2% higher than the federal rates for over and underpayments. As the Federal rates for the second quarter have not changed, Virginia will maintain its interest rates at 5% for both overpayments and underpayments for the second quarter.

To view the interest rate announcement letter, click here.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Robert Beck

Robert Beck 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, and the Affordable Care Act (ACA). Robert is a member of the Massachusetts Bar and received his J.D. from New England Law | Boston and his B.A. in Justice from University of Alaska Fairbanks.
Share This Post
Share on facebook
Share on twitter
Share on linkedin
Share on email