IRS and Georgia Interest Rates on Tax Liability

The IRS charges 3% on an annual basis on past due tax liabilities for this current quarter. You have to pay in all the tax you owe by April 15 each year or you will be charged this interest. That also goes for Georgia, but Georgia charges a whopping 12% on an annual basis on past due tax. Usually it it better then to pay off  Georgia before the IRS. The IRS interest rate is subject to change each calendar quarter. The Georgia rate has been the same for over 10 years.