The IRS’s decision to keep interest rates the same for the third quarter of 2025 might not seem like a big deal, but it’s something every taxpayer should know. Whether you owe taxes or are waiting for a refund, interest rates can have an impact on your finances. By paying your taxes on time and understanding how interest works, you can avoid paying more than you need to.
So, remember, if you owe taxes, try to pay as quickly as possible to avoid any interest. If you're waiting for a refund, the interest you receive may be small, but it’s always nice to get a little extra money if you can!