rr-26-11.pdf

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Section 1274.--Determination of Issue Price in the Case of Certain Debt Instruments
Issued for Property

(Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7702, 7872.)

Rev. Rul. 2026-11

This revenue ruling provides various prescribed rates for federal income tax
purposes for June 2026 (the current month). Table 1 contains the short-term, mid-term,
and long-term applicable federal rates (AFR) for the current month for purposes of
section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-
term, and long-term adjusted applicable federal rates (adjusted AFR) for the current
month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-
term rate and the long-term tax-exempt rate described in section 382(f). Table 4
contains the appropriate percentages for determining the low-income housing credit
described in section 42(b)(1) for buildings placed in service during the current month.
However, under section 42(b)(2), the applicable percentage for non-federally subsidized
new buildings placed in service after July 30, 2008, shall not be less than 9%. Finally,
Table 5 contains the federal rate for determining the present value of an annuity, an
interest for life or for a term of years, or a remainder or a reversionary interest for
purposes of section 7520.

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REV. RUL. 2026-11 TABLE 1

Applicable Federal Rates (AFR) for June 2026

Period for Compounding
Annual Semiannual Quarterly Monthly

Short-term

AFR 3.85% 3.81% 3.79% 3.78%
110% AFR 4.23% 4.19% 4.17% 4.15%
120% AFR 4.62% 4.57% 4.54% 4.53%
130% AFR 5.01% 4.95% 4.92% 4.90%

Mid-term

AFR 4.13% 4.09% 4.07% 4.06%
110% AFR 4.55% 4.50% 4.47% 4.46%
120% AFR 4.97% 4.91% 4.88% 4.86%
130% AFR 5.39% 5.32% 5.29% 5.26%
150% AFR 6.23% 6.14% 6.09% 6.06%
175% AFR 7.29% 7.16% 7.10% 7.06%

Long-term

AFR 4.87% 4.81% 4.78% 4.76%
110% AFR 5.36% 5.29% 5.26% 5.23%
120% AFR 5.85% 5.77% 5.73% 5.70%
130% AFR 6.35% 6.25% 6.20% 6.17%

REV. RUL. 2026-11 TABLE 2

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Adjusted AFR for June 2026

Period for Compounding
Annual Semiannual Quarterly Monthly
Short-term
adjusted AFR 2.91% 2.89% 2.88% 2.87%

Mid-term
adjusted AFR 3.13% 3.11% 3.10% 3.09%

Long-term
adjusted AFR 3.68% 3.65% 3.63% 3.62%

REV. RUL. 2026-11 TABLE 3

Rates Under Section 382 for June 2026

Adjusted federal long-term rate for the current month 3.68%

Long-term tax-exempt rate for ownership changes during the
current month (the highest of the adjusted federal long-term
rates for the current month and the prior two months.) 3.68%

REV. RUL. 2026-11 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for June 2026
Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized
new buildings placed in service after July 30, 2008, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income
housing credit 8.05%

Appropriate percentage for the 30% present value low-income
housing credit 3.45%

REV. RUL. 2026-11 TABLE 5

Rate Under Section 7520 for June 2026

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Applicable federal rate for determining the present value of an
annuity, an interest for life or a term of years, or a remainder or
reversionary interest 5.00%