For purposes of determining the present value of an annuity, an interest for life or a term of years, or a remainder or a reversionary interest, the Treasury publishes a monthly Charitable Federal Midterm Rate as described under Code Section 7520. The taxpayer may elect to use the rate in effect for the month in which the transfer occurs or either of the two months preceding the transfer. The rate for the following month is published on or about the 19th day of each month.
| February 2008 | 4.2% |
| January 2008 | 4.4% |
| December 2007 | 5.0% |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |||||||
| 2008 | 4.4 | 4.2 | ||||||||||||||||
| 2007 | 5.6 | 5.6 | 5.8 | 5.6 | 5.6 | 5.6 | 6.0 | 6.2 | 5.8 | 5.2 | 5.2 | 5.0 | ||||||
| 2006 | 5.4 | 5.2 | 5.4 | 5.6 | 5.8 | 6.0 | 6.0 | 6.2 | 6.0 | 5.8 | 5.6 | 5.8 | ||||||
| 2005 | 4.6 | 4.6 | 4.6 | 5.0 | 5.2 | 4.8 | 4.6 | 4.8 | 5.0 | 5.0 | 5.0 | 5.4 | ||||||
| 2004 | 4.2 | 4.2 | 4.0 | 3.8 | 3.8 | 4.6 | 5.0 | 4.8 | 4.6 | 4.4 | 4.2 | 4.2 |
||||||
| 2003 | 4.2 | 4.0 | 3.8 | 3.6 | 3.8 | 3.6 | 3.0 | 3.2 | 4.2 | 4.4 | 4.0 | 4.2 | ||||||
| 2002 | 5.4 | 5.6 | 5.4 | 5.6 | 6.0 | 5.8 | 5.6 | 5.2 | 4.6 | 4.2 | 3.6 | 4.0 | ||||||
| 2001 | 6.8 | 6.2 | 6.2 | 6.0 | 5.8 | 6.0 | 6.2 | 6.0 | 5.8 | 5.6 | 5.0 | 4.8 | ||||||
| 2000 | 7.4 | 8.0 | 8.2 | 8.0 | 7.8 | 8.0 | 8.0 | 7.6 | 7.6 | 7.4 | 7.2 | 7.0 | ||||||
| 1999 | 5.6 | 5.6 | 5.8 | 6.4 | 6.2 | 6.4 | 7.0 | 7.2 | 7.2 | 7.2 | 7.4 | 7.4 | ||||||
| 1998 | 7.2 | 6.8 | 6.8 | 6.8 | 6.8 | 7.0 | 6.8 | 6.8 | 6.6 | 6.2 | 5.4 | 5.4 | ||||||
| 1997 | 7.4 | 7.6 | 7.8 | 7.8 | 8.2 | 8.2 | 8.0 | 7.6 | 7.6 | 7.6 | 7.4 | 7.2 | ||||||
| 1996 | 6.8 | 6.8 | 6.6 | 7.0 | 7.6 | 8.0 | 8.2 | 8.2 | 8.0 | 8.0 | 8.0 | 7.6 | ||||||
| 1995 | 9.6 | 9.6 | 9.4 | 8.8 | 8.6 | 8.2 | 7.6 | 7.2 | 7.6 | 7.6 | 7.4 | 7.2 | ||||||
| 1994 | 6.4 | 6.4 | 6.4 | 7.0 | 7.8 | 8.4 | 8.2 | 8.4 | 8.4 | 8.6 | 9.0 | 9.4 | ||||||
| 1993 | 7.6 | 7.6 | 7.0 | 6.6 | 6.6 | 6.4 | 6.6 | 6.4 | 6.4 | 6.0 | 6.0 | 6.2 | ||||||
| 1992 | 8.2 | 7.6 | 8.0 | 8.4 | 8.6 | 8.4 | 8.2 | 7.8 | 7.2 | 7.0 | 6.8 | 7.4 | ||||||
| 1991 | 9.8 | 9.6 | 10.2 | 10.6 | 9.6 | 9.6 | 9.6 | 9.8 | 9.6 | 9.0 | 8.6 | 8.6 | ||||||
| 1990 | 9.6 | 9.8 | 10.2 | 10.6 | 10.6 | 11.0 | 10.6 | 10.4 | 10.2 | 10.6 | 10.6 | 10.2 |
Prior to the introduction of the indexed CFMR, a fixed discount rate was established and adjusted periodically as an add-on to tax legislation.
| For Transfers and Valuation Dates Discount Rate | |
| December 1, 1983 through April 30, 1989 |
10.0%
|
| January 1, 1971 through November 30, 1983 |
6.0%
|
| January 1, 1952 through December 31, 1970 |
3.5%
|
| Prior to January 1, 1952 |
4.0%
|
Rate for New Pooled Income Funds
The deemed rate under section 642(c)(5) for transfers to new pooled income funds during 2008 is 4.8%. The deemed rate for 2007 was also 4.8%.