The following changes are included in this release effective July 1, 2022:

• Alabama changed its interest rate from 4.0% to 5.0% for both underpayments and overpayments.
• Alaska changed its interest rate from 5.5% to 5.75% for both underpayments and overpayments.
• Arizona changed its interest rate from 4.0% to 5.0% for both underpayments and overpayments.
• Federal (IRS) changed its interest rate from 4.0% to 5.0% for underpayments and from 3.0% to 4.0% for overpayments.
• Illinois changed its interest rate from 3.0% to 5.0% for both underpayments and overpayments.
• Massachusetts changed its interest rate from 5.0% to 6.0% for underpayments and from 3.0% to 4.0% for overpayments.
• Michigan changed its interest rate from 4.25% to 4.27% for both underpayments and overpayments.
• New Jersey changed its interest rate from 6.25% to 7.75% for underpayments and 3.25% to 4.75% for overpayments.
• New Mexico changed its interest rate from 4.0% to 5.0% for both underpayments and overpayments.
• New York City changed its interest rate from 8.0% to 9.0% for underpayments and from 3.0% to 4.0% for overpayments.
• New York State changed its interest rate from 8.0% to 9.0% for underpayments and from 3.0% to 4.0% for overpayments.
• South Carolina changed its interest rate from 4.0% to 5.0% for underpayments and from 1.0% to 2.0% for overpayments.
• Tennessee changed its interest rate from 7.0% to 8.0% for both underpayments and overpayments.
• Virginia changed its interest rate from 6.0% to 7.0% for both underpayments and overpayments.