This table contains the maximum Applicable Federal Rates (AFR, also known as the 120% Federal Mid-Term Rates) allowed to be used in calculating SEPP distributions.
January 2022 saw new guidance from the IRS in the form of Notice 2022-6, which superseded Notice 2002-62. The new guidance says for SEPP Plans starting in 2022 and beyond, you can use “any interest rate that is not more than the greater of (i) 5% or (ii) 120% of the federal mid-term rate…”
Look up the 120% federal mid-term rates at the IRS website: https://apps.irs.gov/app/picklist/list/federalRates.html.
Useage Note: these are the 120% rates so you use them as-is.
For historical rates back to 2002, click here.