Georgia Tax Changes - January 2025
Georgia Interest Rate Announcement for 2025
Key Information
- Applicable Entity: Georgia Department of Revenue
- Interest Rate for 2025:
- 10.50% for interest-bearing refunds and past due taxes
- Accrues monthly
Calculation Method
- The interest rate is determined by:
- The bank prime loan rate posted by the Board of Governors of the Federal Reserve System (statistical release H. 15)
- Plus 3% to accrue monthly
Comparison with Previous Year
- 2024 Interest Rate: 11.50%
Georgia General Administrative Provisions—Georgia announces lower interest rate for 2025.
The Georgia Department of Revenue has announced that the interest rate for interest-bearing refunds and past due taxes for the 2025calendar year will be 10.50% accruing monthly. The interest rate for refunds and past due taxes is pegged at a rate equal to the bank prime loan rate as posted by the Board of Governors of the Federal Reserve System in statistical release H. 15, plus 3% to accrue monthly. In calendar year 2024, the interest rate was 11.50%. (Georgia Policy Bulletin ADMIN-2025-01, Ga. Dept. Rev.,01/01/2025.)
Georgia General Administrative Provisions—Georgia announces lower interest rate for 2025.
The Georgia Department of Revenue has announced that the interest rate for interest-bearing refunds and past due taxes for the 2025calendar year will be 10.50% accruing monthly. The interest rate for refunds and past due taxes is pegged at a rate equal to the bank prime loan rate as posted by the Board of Governors of the Federal Reserve System in statistical release H. 15, plus 3% to accrue monthly. In calendar year 2024, the interest rate was 11.50%. (Georgia Policy Bulletin ADMIN-2025-01, Ga. Dept. Rev.,01/01/2025.)