November 2026 AFRs Rise (Rev. Rul. 2026-21): What Parents Lending Money to Children for a Home or Business Should Do Now
The IRS's Rev. Rul. 2026-21 (posted October 16, 2026) raises November 2026 applicable federal rates to 4.67% short-term, 5.08% mid-term and 5.52% long-term, up from 4.25%, 4.61% and 5.22% in October. Families planning a loan to a child or relative should pick the term, sign and document it with the timing in mind, and check §7872 gift, imputed interest and Form 709/3520 rules.
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