This table provides the monthly segment rates for purposes of determining minimum present values under section 417(e)(3)(D) of the Internal Revenue Code. Generally for plan years beginning after December 31, 2007, the applicable interest rates under Section 417(e)(3)(D) of the Code are segment rates computed without regard to a 24 month average Each month, the IRS provides various prescribed rates for federal income tax purposes. These rates, known as Applicable Federal Rates (or AFRs), are regularly published as revenue rulings. The list below presents the revenue rulings containing these AFRs in reverse chronological order, starting with January 2000.. Enter a term in the Find Box. Although the rate changes monthly, you would pick the rate for the month and year in which you made the loan. Also, depending on the length of the loan, you would use the short, medium or long-term rate. Under three years is short, 3-9 is medium and over 9 years is considered long-term.