Internal Revenue Bulletin 2022-10 (PDF rendition): IRS Revenue Rulings

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Bulletin No. 2022–10
March 7, 2022
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
ADMINISTRATIVE
Rev. Rul. 2022-5, page 792.
Interest rates: underpayments and overpayments. The
rates for interest determined under Section 6621 of the
code for the calendar quarter beginning April 1, 2022,
will be 4 percent for overpayments (3 percent in the
case of a corporation), 4 percent for underpayments,
and 6 percent for large corporate underpayments. The
rate of interest paid on the portion of a corporate over-
payment exceeding $10,000 will be 1.5 percent.
EMPLOYEE PLANS
Notice 2022-9, page 811.
This notice sets forth updates on the corporate bond
monthly yield curve, the corresponding spot segment
rates for February 2022 used under § 417(e)(3)(D), the
24-month average segment rates applicable for Febru-
ary 2022, and the 30-year Treasury rates, as reflected
by the application of § 430(h)(2)(C)(iv).
INCOME TAX
Notice 2022-10, page 815.
Notice 2022-10 provides for adjustments to the lim-
itation on housing expenses for purposes of section
911 of the Internal Revenue Code for the 2022 tax
year. These adjustments are made on the basis of
geographic differences in housing costs relative to
housing costs in the United States. If the limitation on
housing expenses is higher for the 2022 tax year than
the adjusted limitations on housing expenses provid-
ed in Notice 2021-18, qualified taxpayers may apply
the adjusted limitations in this notice for the 2022 tax
year to their 2021 tax year.
Rev. Rul. 2022-4, page 790.
Federal rates; adjusted federal rates; adjusted federal
long-term rate, and the long-term tax exempt rate. For
purposes of sections 382, 1274, 1288, 7872 and oth-
er sections of the Code, tables set forth the rates for
March 2022.
Finding Lists begin on page ii.

The IRS Mission
Provide America’s taxpayers top-quality service by helping
them understand and meet their tax responsibilities and en-
force the law with integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument
of the Commissioner of Internal Revenue for announcing of-
ficial rulings and procedures of the Internal Revenue Service
and for publishing Treasury Decisions, Executive Orders, Tax
Conventions, legislation, court decisions, and other items of
general interest. It is published weekly.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application
of the tax laws, including all rulings that supersede, revoke,
modify, or amend any of those previously published in the
Bulletin. All published rulings apply retroactively unless other-
wise indicated. Procedures relating solely to matters of inter-
nal management are not published; however, statements of
internal practices and procedures that affect the rights and
duties of taxpayers are published.
Revenue rulings represent the conclusions of the Service
on the application of the law to the pivotal facts stated in
the revenue ruling. In those based on positions taken in rul-
ings to taxpayers or technical advice to Service field offices,
identifying details and information of a confidential nature are
deleted to prevent unwarranted invasions of privacy and to
comply with statutory requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be
relied on, used, or cited as precedents by Service personnel in
the disposition of other cases. In applying published rulings and
procedures, the effect of subsequent legislation, regulations,
court decisions, rulings, and procedures must be considered,
and Service personnel and others concerned are cautioned
against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—1986 Code.
This part includes rulings and decisions based on provisions
of the Internal Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B,
Legislation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
subjects are contained in the other Parts and Subparts. Also
included in this part are Bank Secrecy Act Administrative
Rulings. Bank Secrecy Act Administrative Rulings are issued
by the Department of the Treasury’s Office of the Assistant
Secretary (Enforcement).
Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbar-
ment and suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
for the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the last Bulletin of each semiannual period.
The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
March 7, 2022 Bulletin No. 2022–10

Part I
Section 1274.—
Determination of Issue
Price in the Case of Certain
Debt Instruments Issued for
Property
(Also, Sections 42, 280G, 382, 467, 468, 482, 483,
1288, 7520, 7872.)
Rev. Rul. 2022-4
This revenue ruling provides various
prescribed rates for federal income tax
purposes for March 2022 (the current
month). Table 1 contains the short-
term, mid-term, and long-term applica-
ble federal rates (AFR) for the current
month for purposes of section 1274(d)
of the Internal Revenue Code. Table 2
contains the short-term, mid-term, and
long-term adjusted applicable federal
rates (adjusted AFR) for the current
month for purposes of section 1288(b).
Table 3 sets forth the adjusted feder-
al long-term rate and the long-term
tax-exempt rate described in section
382(f). Table 4 contains the appropri-
ate percentages for determining the
low-income housing credit described in
section 42(b)(1) for buildings placed in
service during the current month. How-
ever, under section 42(b)(2), the appli-
cable percentage for non-federally sub-
sidized new buildings placed in service
after July 30, 2008, shall not be less
than 9%. Finally, Table 5 contains the
federal rate for determining the present
value of an annuity, an interest for life
or for a term of years, or a remainder or
a reversionary interest for purposes of
section 7520.
REV. RUL. 2022-4 TABLE 1
Applicable Federal Rates (AFR) for March 2022
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term
AFR0.97%0.97%0.97%0.97%
110% AFR1.07%1.07%1.07%1.07%
120% AFR1.16%1.16%1.16%1.16%
130% AFR1.26%1.26%1.26%1.26%
Mid-term
AFR1.74%1.73%1.73%1.72%
110% AFR 1.91%1.90%1.90%1.89%
120% AFR2.09%2.08%2.07%2.07%
130% AFR2.26%2.25%2.24%2.24%
150% AFR2.62%2.60%2.59%2.59%
175% AFR3.05%3.03%3.02%3.01%
Long-term
AFR2.14%2.13%2.12%2.12%
110% AFR2.35%2.34%2.33%2.33%
120% AFR2.58%2.56%2.55%2.55%
130% AFR2.79%2.77%2.76%2.75%
REV. RUL. 2022-4 TABLE 2
Adjusted AFR for March 2022
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term adjusted AFR0.74%0.74%0.74%0.74%
Mid-term adjusted AFR1.31%1.31%1.31%1.31%
Long-term adjusted AFR1.63%1.62%1.62%1.61%
March 7, 2022 790 Bulletin No. 2022–10

REV. RUL. 2022-4 TABLE 3
Rates Under Section 382 for March 2022
Adjusted federal long-term rate for the current month1.63%
Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal
long-term rates for the current month and the prior two months.)
1.63%
REV. RUL. 2022-4 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for March 2022
Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after
July 30, 2008, shall not be less than 9%.
Appropriate percentage for the 70% present value low-income housing credit7.44%
Appropriate percentage for the 30% present value low-income housing credit 3.19%
REV. RUL. 2022-4 TABLE 5
Rate Under Section 7520 for March 2022
Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a
remainder or reversionary interest
2.0%
Section 42.—Low-Income
Housing Credit
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.
Section 280G.—Golden
Parachute Payments
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.
Section 382.—Limitation
on Net Operating Loss
Carryforwards and
Certain Built-In Losses
Following Ownership
Change
The adjusted applicable federal long-term rate
is set forth for the month of March 2022. See Rev.
Rul. 2022-4,page 790.
Section 467.—Certain
Payments for the Use of
Property or Services
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.
Section 468.—Special
Rules for Mining and Solid
Waste Reclamation and
Closing Costs
The applicable federal short-term rates are set
forth for the month of March 2022. See Rev. Rul.
2022-4,page 790.
Section 482.—Allocation
of Income and Deductions
Among Taxpayers
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.

Section 483.—Interest on
Certain Deferred Payments
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.
Section 1288.—Treatment
of Original Issue Discount
on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.
Section 7520.—Valuation
Tables
The applicable federal mid-term rates are set
forth for the month of March 2022. See Rev. Rul.
2022-4,page 790.
Section 7872.—Treatment
of Loans With Below-
Market Interest Rates
The applicable federal short-term, mid-term,
and long-term rates are set forth for the month of
March 2022. See Rev. Rul. 2022-4,page 790.

Bulletin No. 2022–10 791 March 7, 2022

March 7, 2022 792 Bulletin No. 2022–10
Section 6621.—
Determination of Rate of
Interest
26 CFR 301.6621-1: Interest rate.
Rev. Rul. 2022-05
Section 6621 of the Internal Reve-
nue Code establishes the interest rates
on overpayments and underpayments of
tax. Under section 6621(a)(1), the over-
payment rate is the sum of the federal
short-term rate plus 3 percentage points (2
percentage points in the case of a corpo-
ration), except the rate for the portion of
a corporate overpayment of tax exceeding
$10,000 for a taxable period is the sum
of the federal short-term rate plus 0.5 of
a percentage point. Under section 6621(a)
(2), the underpayment rate is the sum of
the federal short-term rate plus 3 percent-
age points.
Section 6621(c) provides that for pur-
poses of interest payable under section
6601 on any large corporate underpay-
ment, the underpayment rate under section
6621(a)(2) is determined by substituting
“5 percentage points” for “3 percentage
points.” See section 6621(c) and section
301.6621-3 of the Regulations on Proce-
dure and Administration for the definition
of a large corporate underpayment and
for the rules for determining the appli-
cable date. Section 6621(c) and section
301.6621-3 are generally effective for pe-
riods after December 31, 1990.
Section 6621(b)(1) provides that the
Secretary will determine the federal short-
term rate for the first month in each cal-
endar quarter. Section 6621(b)(2)(A)
provides that the federal short-term rate
determined under section 6621(b)(1) for
any month applies during the first calen-
dar quarter beginning after that month.
Section 6621(b)(3) provides that the fed-
eral short-term rate for any month is the
federal short-term rate determined during
that month by the Secretary in accordance
with section 1274(d), rounded to the near-
est full percent (or, if a multiple of 1/2 of
1 percent, the rate is increased to the next
highest full percent).
Notice 88-59, 1988-1 C.B. 546, an-
nounced that in determining the quarterly
interest rates to be used for overpayments
and underpayments of tax under section
6621, the Internal Revenue Service will
use the federal short-term rate based on
daily compounding because that rate is
most consistent with section 6621 which,
pursuant to section 6622, is subject to dai-
ly compounding.
The federal short-term rate determined
in accordance with section 1274(d) during
January 2022 is the rate published in Rev-
enue Ruling 2022-03, 2022-06 IRB 467,
to take effect beginning February 1, 2022.
The federal short-term rate, rounded to the
nearest full percent, based on daily com-
pounding determined during the month of
January 2022 is 1 percent. Accordingly, an
overpayment rate of 4 percent (3 percent
in the case of a corporation) and an under-
payment rate of 4 percent are established
for the calendar quarter beginning April 1,
2022. The overpayment rate for the por-
tion of a corporate overpayment exceed-
ing $10,000 for the calendar quarter be-
ginning April 1, 2022 is 1.5 percent. The
underpayment rate for large corporate un-
derpayments for the calendar quarter be-
ginning April 1, 2022, is 6 percent. These
rates apply to amounts bearing interest
during that calendar quarter.
Sections 6654(a)(1) and 6655(a)(1)
provide that the underpayment rate es-
tablished under section 6621 applies in
determining the addition to tax under
sections 6654 and 6655 for failure to pay
estimated tax for any taxable year. Thus,
the 4 percent rate also applies to esti-
mated tax underpayments for the second
calendar quarter beginning April 1, 2022.
Pursuant to section 6621(b)(2)(B), in de-
termining the addition to tax under sec-
tion 6654 for any taxable year for an in-
dividual, the federal short-term rate that
applies during the third month following
the taxable year also applies during the
first 15 days of the fourth month follow-
ing the taxable year. See Rev. Rul. 2021-
24, 2021-50 IRB 850 (3 percent rate for
the first quarter of 2022). In addition,
pursuant to section 6603(d)(4), the rate
of interest on section 6603 deposits is 1
percent for the second calendar quarter in
2022.
Interest factors for daily compound
interest for annual rates of 1.5 percent,3
percent, 4 percent and 6 percent are pub
-
lished in Tables 8, 11, 13 and 17 of Rev.
Proc. 95-17, 1995-1 C.B. 562, 565, 567,
and 571.
Annual interest rates to be compound-
ed daily pursuant to section 6622 that ap-
ply for prior periods are set forth in the
tables accompanying this revenue ruling.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Casey R. Conrad of the Office of
the Associate Chief Counsel (Procedure
and Administration). For further informa-
tion regarding this revenue ruling, contact
Mr. Conrad at (202) 317-6844 (not a toll-
free number).

Bulletin No. 2022–10 793 March 7, 2022
APPENDIX A
365 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
10.000013699630.0008633801250.001713784
20.000027397640.0008770911260.001727506
30.000041096650.0008908011270.001741228
40.000054796660.0009045121280.001754951
50.000068495670.0009182231290.001768673
60.000082195680.0009319341300.001782396
70.000095894690.0009456461310.001796119
80.000109594700.0009593571320.001809843
90.000123294710.0009730691330.001823566
100.000136995720.0009867811340.001837290
110.000150695730.0010004931350.001851013
120.000164396740.0010142061360.001864737
130.000178097750.0010279181370.001878462
140.000191798760.0010416311380.001892186
150.000205499770.0010553441390.001905910
160.000219201780.0010690571400.001919635
170.000232902790.0010827701410.001933360
180.000246604800.0010964841420.001947085
190.000260306810.0011101971430.001960811
200.000274008820.0011239111440.001974536
210.000287711830.0011376251450.001988262
220.000301413840.0011513391460.002001988
230.000315116850.0011650541470.002015714
240.000328819860.0011787681480.002029440
250.000342522870.0011924831490.002043166
260.000356225880.0012061981500.002056893
270.000369929890.0012199131510.002070620
280.000383633900.0012336291520.002084347
290.000397336910.0012473441530.002098074
300.000411041920.0012610601540.002111801
310.000424745930.0012747761550.002125529
320.000438449940.0012884921560.002139257
330.000452154950.0013022081570.002152985
340.000465859960.0013159251580.002166713
350.000479564970.0013296411590.002180441
360.000493269980.0013433581600.002194169
370.000506974990.0013570751610.002207898
380.0005206801000.0013707921620.002221627
390.0005343861010.0013845101630.002235356
400.0005480921020.0013982271640.002249085
410.0005617981030.0014119451650.002262815

March 7, 2022 794 Bulletin No. 2022–10
420.0005755041040.0014256631660.002276544
430.0005892111050.0014393811670.002290274
440.0006029171060.0014531001680.002304004
450.0006166241070.0014668181690.002317734
460.0006303311080.0014805371700.002331465
470.0006440391090.0014942561710.002345195
480.0006577461100.0015079751720.002358926
490.0006714541110.0015216941730.002372657
500.0006851611120.0015354141740.002386388
510.0006988691130.0015491331750.002400120
520.0007125781140.0015628531760.002413851
530.0007262861150.0015765731770.002427583
540.0007399951160.0015902931780.002441315
550.0007537031170.0016040141790.002455047
560.0007674121180.0016177341800.002468779
570.0007811211190.0016314551810.002482511
580.0007948311200.0016451761820.002496244
590.0008085401210.0016588971830.002509977
600.0008222501220.0016726191840.002523710
610.0008359601230.001686340
620.0008496701240.001700062

Bulletin No. 2022–10 795 March 7, 2022
366 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
10.000013661630.0008610201250.001709097
20.000027323640.0008746931260.001722782
30.000040984650.0008883661270.001736467
40.000054646660.0009020401280.001750152
50.000068308670.0009157131290.001763837
60.000081970680.0009293871300.001777522
70.000095632690.0009430611310.001791208
80.000109295700.0009567351320.001804893
90.000122958710.0009704091330.001818579
100.000136620720.0009840841340.001832265
110.000150283730.0009977581350.001845951
120.000163947740.0010114331360.001859638
130.000177610750.0010251081370.001873324
140.000191274760.0010387831380.001887011
150.000204938770.0010524591390.001900698
160.000218602780.0010661341400.001914385
170.000232266790.0010798101410.001928073
180.000245930800.0010934861420.001941760
190.000259595810.0011071621430.001955448
200.000273260820.0011208391440.001969136
210.000286924830.0011345151450.001982824
220.000300590840.0011481921460.001996512
230.000314255850.0011618691470.002010201
240.000327920860.0011755461480.002023889
250.000341586870.0011892231490.002037578
260.000355252880.0012029001500.002051267
270.000368918890.0012165781510.002064957
280.000382584900.0012302561520.002078646
290.000396251910.0012439341530.002092336
300.000409917920.0012576121540.002106025
310.000423584930.0012712911550.002119715
320.000437251940.0012849691560.002133405
330.000450918950.0012986481570.002147096
340.000464586960.0013123271580.002160786
350.000478253970.0013260061590.002174477
360.000491921980.0013396851600.002188168
370.000505589990.0013533651610.002201859
380.0005192571000.0013670441620.002215550
390.0005329251010.0013807241630.002229242
400.0005465941020.0013944041640.002242933
410.0005602621030.0014080851650.002256625
420.0005739311040.0014217651660.002270317

March 7, 2022 796 Bulletin No. 2022–10
430.0005876001050.0014354461670.002284010
440.0006012691060.0014491271680.002297702
450.0006149391070.0014628081690.002311395
460.0006286081080.0014764891700.002325087
470.0006422781090.0014901701710.002338780
480.0006559481100.0015038521720.002352473
490.0006696181110.0015175331730.002366167
500.0006832891120.0015312151740.002379860
510.0006969591130.0015448971750.002393554
520.0007106301140.0015585801760.002407248
530.0007243011150.0015722621770.002420942
540.0007379721160.0015859451780.002434636
550.0007516431170.0015996281790.002448331
560.0007653151180.0016133111800.002462025
570.0007789861190.0016269941810.002475720
580.0007926581200.0016406781820.002489415
590.0008063301210.0016543611830.002503110
600.0008200031220.0016680451840.002516806
610.0008336751230.001681729
620.0008473481240.001695413

Bulletin No. 2022–10 797 March 7, 2022
TABLE OF INTEREST RATES
PERIODS BEFORE JUL. 1, 1975 - PERIODS ENDING DEC. 31, 1986
OVERPAYMENTS AND UNDERPAYMENTS
PERIODRATEIn 1995-1 C.B.
DAILY RATE TABLE
Before Jul. 1, 19756%Table 2,pg. 557
Jul.1,1975–Jan.31,19769%Table4,pg.559
Feb.1,1976–Jan.31,19787%Table3,pg.558
Feb.1,1978–Jan.31,19806%Table2,pg.557
Feb.1,1980–Jan.31,198212%Table5,pg.560
Feb.1,1982–Dec.31,198220%Table6,pg.560
Jan.1,1983–Jun.30,198316%Table37,pg.591
Jul.1,1983–Dec.31,198311%Table27,pg.581
Jan.1,1984–Jun.30,198411%Table75,pg.629
Jul.1,1984–Dec.31,198411%Table75,pg.629
Jan.1,1985–Jun.30,198513%Table31,pg.585
Jul.1,1985–Dec.31,198511%Table27,pg.581
Jan.1,1986–Jun.30,198610%Table25,pg.579
Jul.1,1986–Dec.31,19869%Table23,pg.577
TABLE OF INTEREST RATES
FROM JAN. 1, 1987 – Dec. 31, 1998
OVERPAYMENTSUNDERPAYMENTS
1995-1 C.B.1995-1 C.B. RATE
RATETABLEPGRATETABLEPG
Jan.1,1987–Mar.31,19878%215759%23577
Apr.1,1987–Jun.30,19878%215759%23577
Jul.1,1987–Sep.30,19878%215759%23577
Oct.1,1987–Dec.31,19879%2357710%25579
Jan.1,1988–Mar.31,198810%7362711%75629
Apr.1,1988–Jun.30,19889%7162510%73627
Jul.1,1988–Sep.30,19889%7162510%73627
Oct.1,1988–Dec.31,198810%7362711%75629
Jan.1,1989–Mar.31,198910%2557911%27581
Apr.1,1989–Jun.30,198911%2758112%29583
Jul.1,1989–Sep.30,198911%2758112%29583
Oct.1,1989–Dec.
31,198910%2557911%27581
Jan.1,1990–Mar.31,199010%2557911%27581
Apr.1,1990–Jun.30,199010%2557911%27581
Jul.1,1990–Sep.30,199010%2557911%27581
Oct.1,1990–Dec.31,199010%2557911%27581
Jan.1,1991–Mar.31,199110%2557911%27581
Apr.1,1991–Jun.30,19919%2357710%25579

March 7, 2022 798 Bulletin No. 2022–10
Jul.1,1991–Sep.30,19919%2357710%25579
Oct.1,1991–Dec.31,19919%2357710%25579
Jan.1,1992–Mar.31,19928%696239%71625
Apr.1,1992–Jun.30,19927%676218%69623
Jul.1,1992–Sep.30,19927%676218%69623
Oct.1,1992–Dec.31,19926%656197%67621
Jan.1,1993–Mar.31,19936%175717%19573
Apr.1,1993–Jun.30,19936%175717%19573
Jul.1,1993–Sep.30,19936%175717%19573
Oct.1,1993–Dec.31,19936%175717%19573
Jan.1,1994–Mar.31,19946%175717%19573
Apr.1,1994–Jun.30,19946%175717%19573
Jul.1,
1994–Sep.30,19947%195738%21575
Oct.1,1994–Dec.31,19948%215759%23577
Jan.1,1995–Mar.31,19958%215759%23577
Apr.1,1995–Jun.30,19959%2357710%25579
Jul.1,1995–Sep.30,19958%215759%23577
Oct.1,1995–Dec.31,19958%215759%23577
Jan.1,1996–Mar.31,19968%696239%71625
Apr.1,1996–Jun.30,19967%676218%69623
Jul.1,1996–Sep.30,19968%696239%71625
Oct.1,1996–Dec.31,19968%696239%71625
Jan.1,1997–Mar.31,19978%215759%23577
Apr.1,1997–Jun.30,19978%215759%23577
Jul.1,1997–Sep.30,
19978%215759%23577
Oct.1,1997–Dec.31,19978%215759%23577
Jan.1,1998–Mar.31,19988%215759%23577
Apr.1,1998–Jun.30,19987%195738%21575
Jul.1,1998–Sep.30,19987%195738%21575
Oct.1,1998–Dec.31,19987%195738%21575

Bulletin No. 2022–10 799 March 7, 2022
TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 - PRESENT
NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS
1995-1 C.B.
RATETABLEPAGE
Jan.1,1999–Mar.31,19997%19573
Apr.1,1999–Jun.30,19998%21575
Jul.1,1999–Sep.30,19998%21575
Oct.1,1999–Dec.31,19998%21575
Jan.1,2000–Mar.31,20008%69623
Apr.1,2000–Jun.30,20009%71625
Jul.1,2000–Sep.30,20009%71625
Oct.1,2000–Dec.31,20009%71625
Jan.1,2001–Mar.31,20019%23577
Apr.1,2001–Jun.30,20018%21575
Jul.1,2001–Sep.30,20017%19573
Oct.1,2001–Dec.31,20017%19573
Jan.1,2002–Mar.31,20026%17571
Apr.1,2002–Jun.30,20026%17571
Jul.1,2002–Sep.30,20026%17571
Oct.1,2002–Dec.31,20026%17571
Jan.1,
2003–Mar.31,20035%15569
Apr.1,2003–Jun.30,20035%15569
Jul.1,2003–Sep.30,20035%15569
Oct.1,2003–Dec.31,20034%13567
Jan.1,2004–Mar.31,20044%61615
Apr.1,2004–Jun.30,20045%63617
Jul.1,2004–Sep.30,20044%61615
Oct.1,2004–Dec.31,20045%63617
Jan.1,2005–Mar.31,20055%15569
Apr.1,2005–Jun.30,20056%17571
Jul.1,2005–Sep.30,20056%17571
Oct.1,2005–Dec.31,20057%19573
Jan.1,2006–Mar.31,20067%19573
Apr.1,2006–Jun.30,20067%19573
Jul.1,2006–Sep.30,20068%21575
Oct.1,2006–Dec.31,20068%21575
Jan.1,2007–Mar.31,20078%21575
Apr.1,2007–Jun.30,20078%21575
Jul.1,2007–Sep.30,20078%21575
Oct.1,2007–Dec.31,20078%21575
Jan.1,2008–Mar.31,20087%67621
Apr.1,2008–Jun.30,20086%65619
Jul.1,2008–Sep.30,20085%63617
Oct.1,2008–Dec.31,20086%65619

March 7, 2022 800 Bulletin No. 2022–10
Jan.1,2009–Mar.31,20095%15569
Apr.1,2009–Jun.30,20094%13567
Jul.1,2009–Sep.30,20094%13567
Oct.1,2009–Dec.31,20094%13567
Jan.1,2010–Mar.31,20104%13567
Apr.1,2010–Jun.30,20104%13567
Jul.1,2010–Sep.30,20104%13567
Oct.1,2010–Dec.31,20104%13567
Jan.1,2011–Mar.31,20113%11565
Apr.1,2011–Jun.30,20114%13567
Jul.1,2011–Sep.30,20114%13567
Oct.1,2011–Dec.31,20113%11565
Jan.1,2012–Mar.31,20123%59613
Apr.1,2012–Jun.30,20123%59613
Jul.1,2012–Sep.30,20123%59613
Oct.1,2012–Dec.31,20123%59613
Jan.1,2013–Mar.31,20133%
11565
Apr.1,2013–Jun.30,20133%11565
Jul.1,2013–Sep.30,20133%11565
Oct.1,2013–Dec.31,20133%11565
Jan.1,2014–Mar.31,20143%11565
Apr.1,2014–Jun.30,20143%11565
Jul.1,2014–Sep.30,20143%11565
Oct.1,2014–Dec.31,20143%11565
Jan.1,2015–Mar.31,20153%11565
Apr.1,2015–Jun.30,20153%11565
Jul.1,2015–Sep.30,20153%11565
Oct.1.2015–Dec.31,20153%11565
Jan.1,2016–Mar.31,20163%59613
Apr.1,2016–Jun.30,20164%61615
Jul.1,2016–Sep.30,20164%61615
Oct.1,2016–Dec.31,20164%61615
Jan.1,2017–Mar.31,20174%13567
Apr.1,2017–Jun.30,
20174%13567
Jul.1,2017–Sep.30,20174%13567
Oct.1,2017–Dec.31,20174%13567
Jan.1,2018–Mar.31,20184%13567
Apr.1,2018–Jun.30,20185%15569
Jul.1,2018–Sep.30,20185%15569
Oct.1,2018–Dec.31,20185%15569
Jan.1,2019–Mar.31,20196%17571
Apr.1,2019–Jun.30,20196%17571
Jul.1,2019–Sep.30,20195%15569
Oct.1,2019–Dec. 31,20195%15569
Jan.1,2020–Mar.31, 20205%63617

Bulletin No. 2022–10 801 March 7, 2022
Apr.1,2020–Jun.30,20205%63617
Jul.1,2020–Sep.30,20203%59613
Oct.1,2020–Dec. 31,20203%59613
Jan.1,2021–Mar. 31,20213%11565
Apr.1,2021–Jun.30,20213%11565
Jul.1,2021–Sep.30,20213%11565
Oct.1,2021–Dec.31,20213%11565
Jan.1,2022–Mar.31,20223%11565
Apr.1,2022–Jun.30,20224%13567

March 7, 2022 802 Bulletin No. 2022–10
TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 - PRESENT
CORPORATE OVERPAYMENTS AND UNDERPAYMENTS
OVERPAYMENTSUNDERPAYMENTS
1995-1 C.B.1995-1 C.B.
RATETABLEPGRATETABLEPG
Jan.1,1999–Mar.31,19996%175717%19573
Apr.1,1999–Jun.30,19997%195738%21575
Jul.1,1999–Sep.30,19997%195738%21575
Oct.1,1999–Dec.31,19997%195738%21575
Jan.1,2000–Mar.31,20007%676218%69623
Apr.1,2000–Jun.30,20008%696239%71625
Jul.1,2000–Sep.30,20008%696239%71625
Oct.1,2000–Dec.31,20008%696239%71625
Jan.1,2001–Mar.31,20018%215759%23577
Apr.1,2001–Jun.30,20017%195738%21575
Jul.1,2001–Sep.30,20016%175717%19573
Oct.1,2001–Dec.
31,20016%175717%19573
Jan.1,2002–Mar.31,20025%155696%17571
Apr.1,2002–Jun.30,20025%155696%17571
Jul.1,2002–Sep.30,20025%155696%17571
Oct.1,2002–Dec.31,20025%155696%17571
Jan.1,2003–Mar.31,20034%135675%15569
Apr.1,2003–Jun.30,20034%135675%15569
Jul.1,2003–Sep.30,20034%135675%15569
Oct.1,2003–Dec.31,20033%115654%13567
Jan.1,2004–Mar.31,20043%596134%61615
Apr.1,2004–Jun.30,20044%616155%63617
Jul.1,2004–Sep.30,20043%596134%61615
Oct.1,2004–Dec.31,2004
4%616155%63617
Jan.1,2005–Mar.31,20054%135675%15569
Apr.1,2005–Jun.30,20055%155696%17571
Jul.1,2005–Sep.30,20055%155696%17571
Oct.1,2005–Dec.31,20056%175717%19573
Jan.1,2006–Mar.31,20066%175717%19573
Apr.1,2006–Jun.30,20066%175717%19573
Jul.1,2006–Sep.30,20067%195738%21575
Oct.1,2006–Dec.31,20067%195738%21575
Jan.1,2007–Mar.31,20077%195738%21575
Apr.1,2007–Jun.30,20077%195738%21575
Jul.1,2007–Sep.30,20077%195738%21575
Oct.1,2007–Dec.31,20077%19
5738%21575
Jan.1,2008–Mar.31,20086%656197%67621
Apr.1,2008–Jun.30,20085%636176%65619
Jul.1,2008–Sep.30,20084%616155%63617
Oct.1,2008–Dec.31,20085%636176%65619

Bulletin No. 2022–10 803 March 7, 2022
Jan.1,2009–Mar.31,20094%135675%15569
Apr.1,2009–Jun.30,20093%115654%13567
Jul.1,2009–Sep.30,20093%115654%13567
Oct.1,2009–Dec.31,20093%115654%13567
Jan.1,2010–Mar.31,20103%115654%13567
Apr.1,2010–Jun.30,20103%115654%13567
Jul.1,2010–Sep.30,20103%115654%13567
Oct.1,2010–Dec.31,20103%115654%13567
Jan.1,2011–Mar.31,20112%95633%11565
Apr.1,2011–Jun.30,20113%115654%13567
Jul.1,2011–Sep.30,20113%115654%13567
Oct.1,2011–Dec.31,20112%95633%11565
Jan.1,
2012–Mar.31,20122%576113%59613
Apr.1,2012–Jun.30,20122%576113%59613
Jul.1,2012–Sep.30,20122%576113%59613
Oct.1,2012–Dec.31,20122%576113%59613
Jan.1,2013–Mar.31,20132%95633%11565
Apr.1,2013–Jun.30,20132%95633%11565
Jul.1,2013–Sep.30,20132%95633%11565
Oct.1,2013–Dec.31,20132%95633%11565
Jan.1,2014–Mar.31,20142%95633%11565
Apr.1,2014–Jun.30,20142%95633%11565
Jul.1,2014–Sep.30,20142%95633%11565
Oct.1,2014–Dec.31,20142%95633%11565
Jan.1,2015–Mar.31,
20152%95633%11565
Apr.1,2015–Jun.30,20152%95633%11565
Jul.1,2015–Sep.30,20152%95633%11565
Oct.1,2015–Dec.31,20152%95633%11565
Jan.1,2016–Mar.31,20162%576113%59613
Apr.1,2016–Jun.30,20163%596134%61615
Jul.1,2016–Sep.30,20163%596134%61615
Oct.1,2016–Dec.31,20163%596134%61615
Jan.1,2017–Mar.31,20173%115654%13567
Apr.1,2017–Jun.30,20173%115654%13567
Jul.1,2017–Sep.30,20173%115654%13567
Oct.1,2017–Dec.31,20173%115654%13567
Jan.1,2018–Mar.31,20183%
115654%13567
Apr.1,2018–Jun.30,20184%135675%15569
Jul.1,2018–Sep.30,20184%135675%15569
Oct.1,2018–Dec.31,20184%135675%15569
Jan.1,2019–Mar.31,20195%155696%17571
Apr.1,2019–Jun.30,20195%155696%17571
Jul.1,2019–Sep.30,20194%135675%15569
Oct.1,2019–Dec.31,20194%135675%15569
Jan.1,2020–Mar. 31,20204%616155%63617

March 7, 2022 804 Bulletin No. 2022–10
Apr.1,2020–Jun.30,20204%616155%63617
Jul.1,2020–Sep.30,20202%576113%59613
Oct.1,2020–Dec.31,20202%576113%59613
Jan.1,2021–Mar.31,20212% 95633%11565
Apr.1,2021–Jun.30,20212% 95633%11565
Jul.1,2021–Sep.30,20212% 95633%11565
Oct.1,2021–Dec.31,20212% 95633%11565
Jan.1,2022–Mar.31,20222% 95633%11565
Apr.1,2022–Jun.30,20223%115654%13567

Bulletin No. 2022–10 805 March 7, 2022
TABLE OF INTEREST RATES
FOR LARGE CORPORATE UNDERPAYMENTS
FROM JANUARY 1, 1991 - PRESENT
1995-1 C.B.
RATETABLEPG
Jan.1,1991–Mar.31,199113%31585
Apr.1,1991–Jun.30,199112%29583
Jul.1,1991–Sep.30,199112%29583
Oct.1,1991–Dec.31,199112%29583
Jan.1,1992–Mar.31,199211%75629
Apr.1,1992–Jun.30,199210%73627
Jul.1,1992–Sep.30,199210%73627
Oct.1,1992–Dec.31,19929%71625
Jan.1,1993–Mar.31,19939%23577
Apr.1,1993–Jun.30,19939%23577
Jul.1,1993–Sep.30,19939%23577
Oct.1,1993–Dec.31,19939%23577
Jan.1,1994–Mar.31,19949%23577
Apr.1,1994–Jun.30,19949%23577
Jul.1,1994–Sep.30,199410%25579
Oct.1,1994–Dec.31,199411%27581
Jan.1,
1995–Mar.31,199511%27581
Apr.1,1995–Jun.30,199512%29583
Jul.1,1995–Sep.30,199511%27581
Oct.1,1995–Dec.31,199511%27581
Jan.1,1996–Mar.31,199611%75629
Apr.1,1996–Jun.30,199610%73627
Jul.1,1996–Sep.30,199611%75629
Oct.1,1996–Dec.31,199611%75629
Jan.1,1997–Mar.31,199711%27581
Apr.1,1997–Jun.30,199711%27581
Jul.1,1997–Sep.30,199711%27581
Oct.1,1997–Dec.31,199711%27581
Jan.1,1998–Mar.31,199811%27581
Apr.1,1998–Jun.30,199810%25579
Jul.1,1998–Sep.30,199810%25579
Oct.1,1998–Dec.31,199810%25579
Jan.1,1999–Mar.31,19999%23577
Apr.1,1999–Jun.30,199910%25579
Jul.1,1999–Sep.30,199910%25579
Oct.1,1999–Dec.31,199910%25579
Jan.1,2000–Mar.31,200010%73627
Apr.1,2000–Jun.30,200011%75629
Jul.1,2000–Sep.30,200011%75629
Oct.1,2000–Dec.31,200011%75629
Jan.1,2001–Mar.31,200111%27581

March 7, 2022 806 Bulletin No. 2022–10
Apr.1,2001–Jun.30,200110%25579
Jul.1,2001–Sep.30,20019%23577
Oct.1,2001–Dec.31,20019%23577
Jan.1,2002–Mar.31,20028%21575
Apr.1,2002–Jun.30,20028%21575
Jul.1,2002–Sep.30,20028%21575
Oct.1,2002–Dec.31,20028%21575
Jan.1,2003–Mar.31,20037%19573
Apr.1,2003–Jun.30,20037%19573
Jul.1,2003–Sep.30,20037%19573
Oct.1,2003–Dec.31,20036%17571
Jan.1,2004–Mar.31,20046%65619
Apr.1,2004–Jun.30,20047%67621
Jul.1,2004–Sep.30,20046%65619
Oct.1,2004–Dec.31,20047%67621
Jan.1,2005–Mar.31,20057%19573
Apr.1,2005–Jun.30,20058%
21575
Jul.1,2005–Sep.30,20058%21575
Oct.1,2005–Dec.31,20059%23577
Jan.1,2006–Mar.31,20069%23577
Apr.1,2006–Jun.30,20069%23577
Jul.1,2006–Sep.30,200610%25579
Oct.1,2006–Dec.31,200610%25579
Jan.1,2007–Mar.31,200710%25579
Apr.1,2007–Jun.30,200710%25579
Jul.1,2007–Sep.30,200710%25579
Oct.1,2007–Dec.31,200710%25579
Jan.1,2008–Mar.31,20089%71625
Apr.1,2008–Jun.30,20088%69623
Jul.1,2008–Sep.30,20087%67621
Oct.1,2008–Dec.31,20088%69623
Jan.1,2009–Mar.31,20097%19573
Apr.1,2009–Jun.30,20096%17571
Jul.1,2009–Sep.30,
20096%17571
Oct.1,2009–Dec.31,20096%17571
Jan.1,2010–Mar.31,20106%17571
Apr.1,2010–Jun.30,20106%17571
Jul.1,2010–Sep.30,20106%17571
Oct.1,2010–Dec.31,20106%17571
Jan.1,2011–Mar.31,20115%15569
Apr.1,2011–Jun.30,20116%17571
Jul.1,2011–Sep.30,20116%17571
Oct.1,2011–Dec.31,20115%15569
Jan.1,2012–Mar.31,20125%63617
Apr.1,2012–Jun.30,20125%63617

Bulletin No. 2022–10 807 March 7, 2022
Jul.1,2012–Sep.30,20125%63617
Oct.1,2012–Dec.31,20125%63617
Jan.1,2013–Mar.31,20135%15569
Apr.1,2013–Jun.30,20135%15569
Jul.1,2013–Sep.30,20135%15569
Oct.1,2013–Dec.31,20135%15569
Jan.1,2014–Mar.31,20145%15569
Apr.1,2014–Jun.30,20145%15569
Jul.1,2014–Sep.30,20145%15569
Oct.1,2014–Dec.31,20145%15569
Jan.1,2015–Mar.31,20155%15569
Apr.1,2015–Jun.30,20155%15569
Jul.1,2015–Sep.30,20155%15569
Oct.1,2015–Dec.31,20155%15569
Jan.1,2016–Mar.31,20165%63617
Apr.1,2016–Jun.30,20166%65619
Jul.1,2016–Sep.30,20166%
65619
Oct.1,2016–Dec.31,20166%65619
Jan.1,2017–Mar.31,20176%17571
Apr.1,2017–Jun.30,20176%17571
Jul.1,2017–Sep.30,20176%17571
Oct.1,2017–Dec.31,20176%17571
Jan.1,2018–Mar.31,20186%17571
Apr.1,2018–Jun.30,20187%19573
Jul.1,2018–Sep.30,20187%19573
Oct.1,2018–Dec.31,20187%19573
Jan.1,2019–Mar.31,20198%21575
Apr.1,2019–Jun.30,20198%21575
Jul.1,2019–Sep.30,20197%19573
Oct.1,2019–Dec.31,20197%19573
Jan.1,2020–Mar.31,20207%67621
Apr.1,2020–Jun. 30,20207%67621
Jul.1,2020–Sep.30,20205%63617
Oct.1,2020–Dec.31,
20205%63617
Jan.1,2021–Mar.31,20215%15569
Apr.1,2021–Jun.30,20215%15569
Jul.1,2021–Sep.30,20215%15569
Oct.1,2021–Dec.31,20215%15569
Jan.1,2022–Mar.31,20225%15569
Apr.1,2022–Jun.30,20226%17571

March 7, 2022 808 Bulletin No. 2022–10
TABLE OF INTEREST RATES FOR CORPORATE
OVERPAYMENTS EXCEEDING $10,000
FROM JANUARY 1, 1995 – PRESENT
1995-1 C.B.
RATETABLEPG
Jan.1,1995–Mar.31,19956.5%18572
Apr.1,1995–Jun.30,19957.5%20574
Jul.1,1995–Sep.30,19956.5%18572
Oct.1,1995–Dec.31,19956.5%18572
Jan.1,1996–Mar.31,19966.5%66620
Apr.1,1996–Jun.30,19965.5%64618
Jul.1,1996–Sep.30,19966.5%66620
Oct.1,1996–Dec.31,19966.5%66620
Jan.1,1997–Mar.31,19976.5%18572
Apr.1,1997–Jun.30,19976.5%18572
Jul.1,1997–Sep.30,19976.5%18572
Oct.1,1997–Dec.31,19976.5%18572
Jan.1,1998–Mar.31,19986.5%18572
Apr.1,1998–Jun.30,19985.5%16570
Jul.1.1998–Sep.30,19985.5%16570
Oct.1,1998–Dec.31,19985.5%16570
Jan.1,
1999–Mar.31,19994.5%14568
Apr.1,1999–Jun.30,19995.5%16570
Jul.1,1999–Sep.30,19995.5%16570
Oct.1,1999–Dec.31,19995.5%16570
Jan.1,2000–Mar.31,20005.5%64618
Apr.1,2000–Jun.30,20006.5%66620
Jul.1,2000–Sep.30,20006.5%66620
Oct.1,2000–Dec.31,20006.5%66620
Jan.1,2001–Mar.31,20016.5%18572
Apr.1,2001–Jun.30,20015.5%16570
Jul.1,2001–Sep.30,20014.5%14568
Oct.1,2001–Dec.31,20014.5%14568
Jan.1,2002–Mar.31,20023.5%12566
Apr.1,2002–Jun.30,20023.5%12566
Jul.1,2002–Sep.30,20023.5%12566
Oct.1,2002–Dec.31,20023.5%12566
Jan.1,2003–Mar.31,20032.5%10564
Apr.1,2003–Jun.30,20032.5%10564
Jul.1,2003–Sep.30,20032.5%10564
Oct.1,2003–Dec.31,20031.5%8562
Jan.1,2004–Mar.31,20041.5%56610
Apr.1,2004–Jun.30,20042.5%58612

Bulletin No. 2022–10 809 March 7, 2022
Jul.1,2004–Sep.30,20041.5%56610
Oct.1,2004–Dec.31,20042.5%58612
Jan.1,2005–Mar.31,20052.5%10564
Apr.1,2005–Jun.30,20053.5%12566
Jul.1,2005–Sep.30,20053.5%12566
Oct.1,2005–Dec.31,20054.5%14568
Jan.1,2006–Mar.31,20064.5%14568
Apr.1,2006–Jun.30,20064.5%14568
Jul.1,2006–Sep.30,20065.5%16570
Oct.1,2006–Dec.31,20065.5%16570
Jan.1,2007–Mar.31,20075.5%16570
Apr.1,2007–Jun.30,20075.5%16570
Jul.1,2007–Sep.30,20075.5%16570
Oct.1,2007–Dec.31,20075.5%16570
Jan.1,2008–Mar.31,20084.5%62616
Apr.1,2008–Jun.30,20083.5%60614
Jul.1,2008–Sep.30,20082.5%
58612
Oct.1,2008–Dec.31,20083.5%60614
Jan.1,2009–Mar.31,20092.5%10564
Apr.1,2009–Jun.30,20091.5%8562
Jul.1,2009–Sep.30,20091.5%8562
Oct.1,2009–Dec.31,20091.5%8562
Jan.1,2010–Mar.31,20101.5%8562
Apr.1,2010–Jun.30,20101.5%8562
Jul.1,2010–Sep.30,20101.5%8562
Oct.1,2010–Dec.31,20101.5%8562
Jan.1,2011–Mar.31,20110.5%*
Apr.1,2011–Jun.30,20111.5%8562
Jul.1,2011–Sep.30,20111.5%8562
Oct.1,2011–Dec.31,20110.5%*
Jan.1,2012–Mar.31,20120.5%*
Apr.1,2012–Jun.30,20120.5%*
Jul.1,2012–Sep.30,20120.5%*
Oct.1,2012–Dec.31,20120.5%*
Jan.1,2013–Mar.31,20130.5%*
Apr.1,
2013–Jun.30,20130.5%*
Jul.1,2013–Sep.30,20130.5%*
Oct.1,2013–Dec.31,20130.5%*
Jan.1,2014–Mar.31,20140.5%*
Apr.1,2014–Jun.30,20140.5%*
Jul.1,2014–Sep.30,20140.5%*
Oct.1,2014–Dec.31,20140.5%*

March 7, 2022 810 Bulletin No. 2022–10
Jan.1,2015–Mar.31,20150.5%*
Apr.1,2015–Jun.30,20150.5%*
Jul.1,2015–Sep.30,20150.5%*
Oct.1,2015–Dec.31,20150.5%*
Jan.1,2016–Mar.31,20160.5%*
Apr.1,2016–Jun.30,20161.5%56610
Jul.1,2016–Sep.30,20161.5%56610
Oct.1,2016–Dec.31,20161.5%56610
Jan.1,2017–Mar.31,20171.5%8562
Apr.1,2017–Jun.30,20171.5%8562
Jul.1,2017–Sep.30,20171.5%8562
Oct.1,2017–Dec.31,20171.5%8562
Jan.1,2018–Mar.31,20181.5%8562
Apr.1,2018–Jun.30,20182.5%10564
Jul.1,2018–Sep.30,20182.5%10564
Oct.1,2018–Dec.31,20182.5%10564
Jan.1,2019–Mar.31,20193.5%12566
Apr.1,2019–Jun.30,20193.5%12566
Jul.1,2019–Sep.30,20192.5%10564
Oct.1,2019–Dec. 31,20192.5%10564
Jan.1,2020–Mar.31,20202.5%58612
Apr.1,2020–Jun.30,20202.5%58612
Jul.1,2020–Sep.30,20200.5%*
Oct.1,2020–Dec.31, 20200.5%*
Jan.1,2021–Mar.31,20210.5%*
Apr.1,2021–Jun. 30,20210.5%*
Jul.1,2021–Sep.30,20210.5%*
Oct.1,2021–Dec.31,20210.5%*
Jan.1,2022–Mar.31, 20220.5%*
Apr.1,2022–Jun.30,20221.5%8562
* The asterisk reflects the interest factors for daily compound interest for annual rates of 0.5 percent published in Appendix A of
this Revenue Ruling.

Bulletin No. 2022–10 811 March 7, 2022
Part III
Update for Weighted
Average Interest Rates,
Yield Curves, and Segment
Rates
Notice 2022-9
This notice provides guidance on the
corporate bond monthly yield curve, the
corresponding spot segment rates used
under § 417(e)(3), and the 24-month aver-
age segment rates under § 430(h)(2) of the
Internal Revenue Code. In addition, this
notice provides guidance as to the interest
rate on 30-year Treasury securities under
§ 417(e)(3)(A)(ii)(II) as in effect for plan
years beginning before 2008 and the 30-
year Treasury weighted average rate under
§ 431(c)(6)(E)(ii)(I).
YIELD CURVE AND SEGMENT
RATES
Section 430 specifies the minimum
funding requirements that apply to sin-
gle-employer plans (except for CSEC
plans under § 414(y)) pursuant to § 412.
Section 430(h)(2) specifies the inter-
est rates that must be used to determine
a plan’s target normal cost and funding
target. Under this provision, present val-
ue is generally determined using three
24-month average interest rates (“segment
rates”), each of which applies to cash
flows during specified periods. To the ex-
tent provided under § 430(h)(2)(C)(iv),
these segment rates are adjusted by the ap-
plicable percentage of the 25-year average
segment rates for the period ending Sep-
tember 30 of the year preceding the cal-
endar year in which the plan year begins.
1

However, an election may be made under
§ 430(h)(2)(D)(ii) to use the monthly yield
curve in place of the segment rates.
Notice 2007-81, 2007-44 I.R.B. 899,
provides guidelines for determining the
monthly corporate bond yield curve, and
the 24-month average corporate bond
segment rates used to compute the target
normal cost and the funding target. Con-
sistent with the methodology specified in
Notice 2007-81, the monthly corporate
bond yield curve derived from January
2022 data is in Table 2022-1 at the end
of this notice. The spot first, second, and
third segment rates for the month of Janu-
ary 2022 are, respectively, 1.41, 3.02, and
3.36.
The 24-month average segment rates
determined under § 430(h)(2)(C)(i)
through (iii) must be adjusted pursuant to
§ 430(h)(2)(C)(iv) to be within the appli-
cable minimum and maximum percent-
ages of the corresponding 25-year aver-
age segment rates. The 25-year average
segment rates for plan years beginning in
2021 and 2022 were published in Notice
2020-72, 2020-40 I.R.B. 789, and Notice
2021-54, 2021-41 I.R.B. 457, respective-
ly.
24-MONTH AVERAGE CORPORATE
BOND SEGMENT RATES
The three 24-month average corporate
bond segment rates applicable for Febru-
ary 2022 without adjustment for the 25-
year average segment rate limits are as
follows:
24-Month Average Segment Rates Without 25-Year Average Adjustment
Applicable Month First Segment Second Segment Third Segment
February 2022 0.86 2.61 3.26
25-YEAR AVERAGE SEGMENT
RATES
Section 9706(a) of the American Res-
cue Plan Act of 2021, Pub. L. No. 117-2
(ARP), which was enacted on March 11,
2021, changes the 25-year average seg-
ment rates and the applicable minimum
and maximum percentages used under
§ 430(h)(3)(C)(iv) of the Code to adjust
the 24-month average segment rates.
2

Prior to this change, the applicable min-
imum and maximum percentages were
85% and 115% for a plan year beginning
in 2021, and 80% and 120% for plan year
beginning in 2022, respectively. After this
change, the applicable minimum and max-
imum percentages are 95% and 105% for
a plan year beginning in 2021 or 2022. In
addition, pursuant to this change, any 25-
year average segment rate that is less than
5% is deemed to be 5%.
3
Pursuant to § 9706(c)(1) of ARP, these
changes apply with respect to plan years
beginning on or after January 1, 2020.
However, § 9706(c)(2) of ARP provides
that a plan sponsor may elect not to have
these changes apply to any plan year be-
ginning before January 1, 2022.
4
The adjusted 24-month average seg-
ment rates set forth in the chart below
reflect § 430(h)(2)(C)(iv) of the Code
as amended by § 9706(a) of ARP. These
adjusted 24-month average segment
rates apply only for plan years for which
an election under § 9706(c)(2) of ARP is
not in effect. For a plan year for which
such an election does not apply, the
24-month averages applicable for Feb-
1
Pursuant to § 433(h)(3)(A), the 3
rd
segment rate determined under § 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount
of the full funding limitation under § 433(c)(7)(C)).
2
Section 80602 of the Infrastructure Investment and Jobs Act, Pub. L. 117-58, makes further changes to the time periods for which specified applicable minimum and maximum percentages
apply.
3
Pursuant to this change, the 25-year averages of the first segment rate for 2020, 2021, and 2022 are increased to 5.00% because those 25-year averages as originally published are below
5.00%.
4
This election may be made either for all purposes for which the amendments under § 9706 of ARP apply or solely for purposes of determining the adjusted funding target attainment per-
centage under § 436 of the Code for the plan year.

March 7, 2022 812 Bulletin No. 2022–10
ruary 2022, adjusted to be within the
applicable minimum and maximum per-
centages of the corresponding 25-year
average segment rates in accordance
with § 430(h)(2)(C)(iv) of the Code, are
as follows:
Adjusted 24-Month Average Segment Rates
For Plan Years
Beginning In
Applicable
Month
First
Segment
Second
Segment
Third
Segment
2021February 20224.755.366.11
2022February 20224.755.185.92
The adjusted 24-month average seg-
ment rates set forth in the chart below do
not reflect the changes to § 430(h)(2)(C)
(iv) of the Code made by § 9706(a) of
ARP. These adjusted 24-month average
segment rates apply only for plan years for
which an election under § 9706(c)(2) of
ARP is in effect. For a plan year for which
such an election applies, the 24-month
averages applicable for February 2022,
adjusted to be within the applicable min-
imum and maximum percentages of the
corresponding 25-year average segment
rates in accordance with § 430(h)(2)(C)
(iv) of the Code, are as follows:
Pre-ARP Adjusted 24-Month Average Segment Rates
For Plan Years
Beginning In
Applicable
Month
First
Segment
Second
Segment
Third
Segment
2021February 20223.324.795.47
30-YEAR TREASURY SECURITIES
INTEREST RATES
Section 431 specifies the minimum
funding requirements that apply to multi-
employer plans pursuant to § 412. Section
431(c)(6)(B) specifies a minimum amount
for the full-funding limitation described in
§ 431(c)(6)(A), based on the plan’s current
liability. Section 431(c)(6)(E)(ii)(I) pro-
vides that the interest rate used to calcu-
late current liability for this purpose must
be no more than 5 percent above and no
more than 10 percent below the weighted
average of the rates of interest on 30-year
Treasury securities during the four-year
period ending on the last day before the
beginning of the plan year. Notice 88-73,
1988-2 C.B. 383, provides guidelines for
determining the weighted average interest
rate. The rate of interest on 30-year Trea-
sury securities for January 2022 is 2.10
percent. The Service determined this rate
as the average of the daily determinations
of yield on the 30-year Treasury bond
maturing in August 2051. For plan years
beginning in February 2022, the weighted
average of the rates of interest on 30-year
Treasury securities and the permissible
range of rates used to calculate current lia-
bility are as follows:
Treasury Weighted Average Rates
For Plan Years
Beginning In
30-Year Treasury
Weighted Average
Permissible Range
90% to 105%
February 20222.101.89 to 2.21
MINIMUM PRESENT VALUE
SEGMENT RATES
In general, the applicable interest rates
under § 417(e)(3)(D) are segment rates
computed without regard to a 24-month
average. Notice 2007-81 provides guide-
lines for determining the minimum pres-
ent value segment rates. Pursuant to that
notice, the minimum present value seg-
ment rates determined for January 2022
are as follows:
Minimum Present Value Segment Rates
Month

First Segment

Second Segment

Third Segment
January 2022 1.41 3.02 3.36

Bulletin No. 2022–10 813 March 7, 2022
DRAFTING INFORMATION
The principal author of this notice is
Tom Morgan of the Office of the Asso-
ciate Chief Counsel (Employee Benefits,
Exempt Organizations, and Employment
Taxes). However, other personnel from
the IRS participated in the development
of this guidance. For further information
regarding this notice, contact Mr. Morgan
at 202-317-6700 or Osmundo Bernabe at
626-927-1344 (not a toll-free number).

March 7, 2022 814 Bulletin No. 2022–10
Table 2022-1
Monthly Yield Curve for January 2022
Derived from January 2022 Data
MaturityYieldMaturityYieldMaturityYieldMaturityYieldMaturityYield
0.50.4120.53.3640.53.3660.53.3780.53.37
1.00.7621.03.3641.03.3661.03.3781.03.37
1.51.0721.53.3641.53.3661.53.3781.53.37
2.01.3122.03.3542.03.3662.03.3782.03.37
2.51.4922.53.3542.53.3662.53.3782.53.37
3.01.6223.03.3543.03.3663.03.3783.03.37
3.51.7223.53.3543.53.3663.53.3783.53.37
4.01.8224.03.3544.03.3664.03.3784.03.37
4.51.9124.53.3544.53.3664.53.3784.53.37
5.02.0025.03.3545.03.3665.03.3785.03.37
5.52.1025.53.3545.53.3665.53.3785.53.37
6.02.2026.03.3546.03.3666.03.3786.03.37
6.52.3026.53.3546.53.3666.53.3786.53.37
7.02.4027.03.3547.03.3667.03.3787.03.37
7.52.5027.53.3547.53.3667.53.3787.53.37
8.02.6028.03.3548.03.3668.03.3788.03.37
8.52.6928.53.3548.53.3668.53.3788.53.37
9.02.7829.03.3549.03.3669.03.3789.03.37
9.52.8629.53.3549.53.3669.53.3789.53.37
10.02.9330.03.3550.03.3770.03.3790.03.37
10.52.9930.53.3550.53.3770.53.3790.53.37
11.03.0531.03.3551.03.3771.03.3791.03.38
11.53.1131.53.3551.53.3771.53.3791.53.38
12.03.1532.03.3552.03.3772.03.3792.03.38
12.53.1932.53.3552.53.3772.53.3792.53.38
13.03.2333.03.3553.03.3773.03.3793.03.38
13.53.2533.53.3553.53.3773.53.3793.53.38
14.03.2834.03.3554.03.3774.03.3794.03.38
14.53.3034.53.3654.53.3774.53.3794.53.38
15.03.3135.03.3655.03.3775.03.3795.03.38
15.53.3335.53.3655.53.3775.53.3795.53.38
16.03.3436.03.3656.03.3776.03.3796.03.38
16.53.3436.53.3656.53.3776.53.3796.53.38
17.03.3537.03.3657.03.3777.03.3797.03.38
17.53.3537.53.3657.53.3777.53.3797.53.38
18.03.3638.03.3658.03.3778.03.3798.03.38
18.53.3638.53.3658.53.3778.53.3798.53.38
19.03.3639.03.3659.03.3779.03.3799.03.38
19.53.3639.53.3659.53.3779.53.3799.53.38
20.03.3640.03.3660.03.3780.03.37100.03.38

Bulletin No. 2022–10 815 March 7, 2022
Determination of Housing
Cost Amounts Eligible for
Exclusion or Deduction for
2022
Notice 2022-10
SECTION 1. PURPOSE
This notice provides adjustments to the
limitation on housing expenses for pur-
poses of section 911 of the Internal Rev-
enue Code for specific locations for 2022.
These adjustments are based on geograph-
ic differences in housing costs relative to
housing costs in the United States.
SECTION 2. BACKGROUND
Section 911 allows a qualified individ-
ual to elect to exclude from gross income
the foreign earned income and to exclude
or deduct the housing cost amount of such
individual.
The term “housing cost amount” is
generally the total of the housing expenses
for the taxable year minus a base housing
amount. See § 911(c)(1). For this purpose,
the base housing amount for the taxable
year is limited to an amount that is tied
to the maximum foreign earned income
exclusion amount, which is $112,000 for
2022. See § 911(c)(1)(B) and (d)(1). Spe-
cifically, the base housing amount is 16
percent of the maximum foreign earned
income exclusion amount (computed on
a daily basis), multiplied by the number
of days in the applicable period that fall
within the taxable year. Assuming that
the entire taxable year of a qualified indi-
vidual is within the applicable period, the
base housing amount for 2022 is $17,920
($112,000 x .16).
Similarly, the housing expense amount
is also limited, based on a percentage of
the maximum foreign earned income ex-
clusion amount. Specifically, the limit on
such housing expenses generally equals
30 percent of the maximum foreign
earned income exclusion amount (com-
puted on a daily basis), multiplied by the
number of days in the applicable peri-
od for which the taxpayer is a qualified
individual. See § 911(c)(2)(A) and (d)
(1). Thus, under this general limitation,
a qualified individual whose entire tax-
able year is within the applicable period
is limited to maximum housing expens-
es of $33,600 ($112,000 x .30) for 2022.
However, section 911(c)(2)(B) authoriz-
es the Secretary to issue regulations or
other guidance to adjust the percentage
under section 911(c)(2)(A)(i) (which de-
termines the limit on housing expenses)
based on geographic differences in hous-
ing costs relative to housing costs in the
United States. Pursuant to this authority,
the Department of the Treasury (Treasury
Department) and the Internal Revenue
Service (IRS) have published annual
notices concerning the limitation on the
section 911 housing cost amounts since
the 2006 taxable year.
For more background on the foreign
housing exclusion, see https://www.irs.
gov/individuals/international-taxpayers/
foreign-housing-exclusion-or-deduction.
SECTION 3. TABLE OF ADJUSTED
HOUSING LIMITATIONS FOR 2022
The following table provides adjusted
limitations on housing expenses (in lieu
of the otherwise applicable limitation of
$33,600) for 2022.
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
AngolaLuanda84,000230.14
ArgentinaBuenos Aires56,500154.79
AustraliaCanberra36,800100.82
AustraliaSydney70,800193.97
Bahamas, TheNassau49,700136.16
BahrainBahrain48,300132.33
BarbadosBarbados37,700103.29
BarbadosBridgetown37,700103.29
BelgiumBrussels41,400113.42
BelgiumGosselies36,900101.10
BelgiumMons36,900101.10
BelgiumSHAPE/Chievres36,900101.10
BermudaBermuda90,000246.58
BrazilRio de Janeiro35,10096.16
BrazilSao Paulo56,600155.07
CanadaCalgary40,800111.78
CanadaMontreal55,500152.05
CanadaOttawa47,000128.77

March 7, 2022 816 Bulletin No. 2022–10
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
CanadaQuebec36,00098.63
CanadaToronto63,200173.15
CanadaVancouver49,700136.16
CanadaVictoria41,100112.60
Cayman IslandsGrand Cayman48,000131.51
ChinaBeijing76,400209.32
ChinaHong Kong114,300313.15
ChinaShanghai57,001156.17
ColombiaBogota58,700160.82
ColombiaAll cities other than Bogota49,400135.34
Costa RicaSan Jose37,800103.56
Democratic Republic of
the Congo
Kinshasa42,000115.07
DenmarkCopenhagen43,704119.74
Dominican RepublicSanto Domingo45,500124.66
EcuadorQuito38,200104.66
EstoniaTallinn46,600127.67
FranceGarches71,000194.52
FranceLyon39,300107.67
FranceMarseille38,300104.93
FranceParis71,000194.52
FranceSevres71,000194.52
FranceSuresnes71,000194.52
FranceVersailles71,000194.52
GermanyBabenhausen34,80095.34
GermanyBaumholder34,60094.79
GermanyBerlin42,500116.44
GermanyBirkenfeld34,60094.79
GermanyBoeblingen42,300115.89
GermanyBonn42,000115.07
GermanyCologne56,200153.97
GermanyDarmstadt34,80095.34
GermanyDulmen34,20093.70
GermanyFrankfurt am Main36,30099.45
GermanyGelnhausen43,900120.27
GermanyGiessen36,00098.63
GermanyGrafenwoehr35,20096.44
GermanyHanau47,200129.32
GermanyIdar-Oberstein34,60094.79
GermanyIngolstadt49,700136.16
GermanyKaiserslautern, Landkreis43,700119.73
GermanyKoblenz34,20093.70
GermanyLudwigsburg42,300115.89

Bulletin No. 2022–10 817 March 7, 2022
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
GermanyMainz48,700133.42
GermanyMunich49,700136.16
GermanyNellingen42,300115.89
GermanyNeubruecke34,60094.79
GermanyOber Ramstadt34,80095.34
GermanyPfullendorf34,20093.70
GermanyPirmasens43,700119.73
GermanySembach43,700119.73
GermanyStuttgart42,300115.89
GermanyVilseck35,20096.44
GermanyWahn42,000115.07
GermanyWiesbaden48,700133.42
GermanyZweibrueken43,700119.73
GermanyAll cities other than Augsburg, Babenhausen,
Bad Aibling, Bad Kreuznach, Bad Nauheim,
Baumholder, Berchtesgaden, Berlin, Birken-
feld, Boeblingen, Bonn, Bremen, Bremerhav-
en, Butzbach, Cologne, Darmstadt, Del-
menhorst, Duesseldorf, Dulmen, Erlangen,
Flensburg, Frankfurt am Main, Friedberg,
Fuerth, Garlstedt, Garmisch- Partenkirchen,
Geilenkirchen, Gelnhausen, Germersheim,
Giebelstadt, Giessen, Grafenwoehr, Gre-
frath, Greven, Gruenstadt, Hamburg, Hanau,
Handorf, Hannover, Heidelberg, Heilbronn,
Herongen, Idar- Oberstein, Ingolstadt, Kaiser-
slautern, Landkreis, Leimen, Kalkar, Karl-
sruhe, Kerpen, Kitzingen, Koblenz, Leipzig,
Ludwigsburg, Mainz, Mannheim, Mayen,
Moenchen- Gladbach, Muenster, Munich,
Nellingen, Neubruecke,
Nuernberg, Noervenich,34,20093.70
Nuernberg, Ober Ramstadt, Oberammergau,
Osterholz- Scharmbeck, Pfullendorf, Pirma-
sens, Rheinberg, Schwabach, Schwetzingen,
Seckenheim, Sembach, Stuttgart, Twist-
eden, Vilseck, Wahn, Wertheim, Wiesbaden,
Worms, Wuerzburg, Zirndorf, and
Zweibrueken
GhanaAccra36,00098.63
GreeceAthens34,80095.34
GreeceElefsis34,80095.34
GreeceEllinikon34,80095.34
GreeceMt. Parnis34,80095.34
GreeceMt. Pateras34,80095.34
GreeceNea Makri34,80095.34
GreecePiraeus34,80095.34

March 7, 2022 818 Bulletin No. 2022–10
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
GreeceTanagra34,80095.34
GuatemalaGuatemala City42,000115.07
GuineaConakry51,300140.55
GuyanaGeorgetown35,00095.89
Holy See, TheHoly See, The47,300129.59
IndiaMumbai67,920186.08
IndiaNew Delhi56,124153.76
IndonesiaJakarta37,776103.50
IrelandDublin41,100112.60
IsraelBeer Sheva63,800174.79
IsraelJerusalem49,000134.25
IsraelTel Aviv50,800139.18
IsraelWest Bank49,000134.25
ItalyAviano37,700103.29
ItalyGenoa41,800114.52
ItalyLa Spezia40,400110.68
ItalyMilan70,600193.42
ItalyNaples48,500132.88
ItalyParma35,90098.36
ItalyRome47,300129.59
ItalyTurin35,40096.99
ItalyVicenza39,500108.22
JamaicaKingston41,200112.88
JapanAtsugi40,100109.86
JapanCamp Zama40,100109.86
JapanChiba-Ken40,100109.86
JapanFussa40,100109.86
JapanGifu74,300203.56
JapanHaneda40,100109.86
JapanKanagawa-Ken40,100109.86
JapanKomaki74,300203.56
JapanMachidi-Shi40,100109.86
JapanNagoya74,300203.56
JapanOkinawa Prefecture56,700155.34
JapanOsaka-Kobe90,664248.39
JapanSagamihara40,100109.86
JapanSaitama-Ken40,100109.86
JapanTachikawa40,100109.86
JapanTokyo92,400253.15
JapanTokyo-to40,100109.86
JapanYokohama49,300135.07
JapanYokosuka53,100145.48
JapanYokota37,700103.29

Bulletin No. 2022–10 819 March 7, 2022
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
KazakhstanAlmaty48,000131.51
KoreaCamp Colbern54,200148.49
KoreaCamp Market54,500149.32
KoreaCamp Mercer54,200148.49
KoreaK-1654,500149.32
KoreaKimpo Airfield54,500149.32
KoreaOsan AB36,30099.45
KoreaPyongtaek39,000106.85
KoreaSeoul54,500149.32
KoreaSuwon54,500149.32
KoreaTongduchon35,20096.44
KuwaitKuwait City64,400176.44
KuwaitAll cities other than Kuwait City57,700158.08
LuxembourgLuxembourg38,700106.03
MacedoniaSkopje35,40096.99
MalaysiaKuala Lumpur46,200126.58
MalaysiaAll cities other than Kuala Lumpur33,70092.33
MaltaMalta55,100150.96
MexicoMerida37,900103.84
MexicoMexico City47,900131.23
MexicoAll cities other than Ciudad Juarez, Cuer-
navaca, Guadalajara, Hermosillo, Matamoros,
Mazatlan, Merida, Metapa, Mexico City,
Monterrey, Nogales, Nuevo Laredo, Reynosa,
Tapachula, Tijuana, Tuxtla Gutierrez, and
Veracruz39,400107.95
MozambiqueMaputo39,500108.22
NetherlandsAmsterdam52,900144.93
NetherlandsAruba39,100107.12
NetherlandsBrunssum35,40096.99
NetherlandsEygelshoven35,40096.99
NetherlandsHague, The56,400154.52
NetherlandsHeerlen35,40096.99
NetherlandsHoensbroek35,40096.99
NetherlandsHulsberg35,40096.99
NetherlandsKerkrade35,40096.99
NetherlandsLandgraaf35,40096.99
NetherlandsMaastricht35,40096.99
NetherlandsPapendrecht34,00093.15
NetherlandsRotterdam34,00093.15
NetherlandsSchaesburg35,40096.99
NetherlandsSchinnen35,40096.99
NetherlandsSchiphol52,900144.93

March 7, 2022 820 Bulletin No. 2022–10
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
NetherlandsYpenburg56,400154.52
Netherlands AntillesCuracao45,800125.48
New ZealandWellington33,80092.60
NigeriaAbuja36,00098.63
OmanMuscat41,300113.15
PanamaPanama City39,500108.22
PeruLima39,100107.12
PhilippinesCavite39,500108.22
PhilippinesManila39,500108.22
PolandWarsaw40,900112.05
PortugalAlverca43,200118.36
PortugalLisbon43,200118.36
QatarDoha45,888125.72
RomaniaBucharest41,200112.88
RussiaMoscow108,000295.89
RussiaSaint Petersburg60,000164.38
RussiaSakhalin Island77,500212.33
RussiaVladivostok77,500212.33
RussiaYekaterinburg47,400129.86
SingaporeSingapore82,300225.48
SloveniaLjubljana49,600135.89
South AfricaPretoria39,300107.67
SpainBarcelona40,600111.23
SpainMadrid57,600157.81
SpainRota35,20096.44
SwitzerlandBern70,500193.15
SwitzerlandGeneva100,400275.07
TaiwanTaipei46,188126.54
TanzaniaDar Es Salaam44,000120.55
ThailandBangkok59,000161.64
Trinidad and TobagoPort of Spain54,500149.32
UkraineKiev72,000197.26
United Arab EmiratesAbu Dhabi49,687136.13
United Arab EmiratesDubai57,174156.64
United KingdomBasingstoke41,099112.60
United KingdomBath41,000112.33
United KingdomBracknell62,100170.14
United KingdomBrookwood36,800100.82
United KingdomCambridge35,70097.81
United KingdomCaversham73,800202.19
United KingdomCheltenham43,500119.18
United KingdomCroughton36,600100.27
United KingdomFairford34,60094.79

Bulletin No. 2022–10 821 March 7, 2022
CountryLocationLimitation on Housing
Expenses
(full year)
Limitation on Housing
Expenses
(daily)
United KingdomFarnborough54,700149.86
United KingdomFelixstowe34,40094.25
United KingdomGibraltar44,616122.24
United KingdomHarrogate38,600105.75
United KingdomHigh Wycombe62,100170.14
United KingdomHuntingdon36,800100.82
United KingdomKemble34,60094.79
United KingdomLakenheath46,700127.95
United KingdomLondon69,500190.41
United KingdomLoudwater56,700155.34
United KingdomMenwith Hill38,600105.75
United KingdomMildenhall46,700127.95
United KingdomOxfordshire36,10098.90
United KingdomPlymouth36,10098.90
United KingdomPortsmouth36,10098.90
United KingdomReading62,100170.14
United KingdomRochester37,100101.64
United KingdomSamlesbury36,800100.82
United KingdomSouthampton44,200121.10
United KingdomSurrey48,402132.61
United KingdomWaterbeach36,900101.10
United KingdomWiltshire34,80095.34
United KingdomAll cities other than Basingstoke, Bath,
Belfast, Birmingham, Bracknell, Bristol,
Brookwood, Brough, Cambridge, Caver-
sham, Chelmsford, Cheltenham, Chick-
sands, Croughton, Dunstable, Edinburgh,
Edzell, Fairford, Farnborough, Felixstowe,
Ft. Halstead, Gibraltar, Glenrothes, Green-
ham Common, Harrogate, High Wycombe,
Huntingdon, Hythe, Kemble, Lakenheath,
Liverpool, London, Loudwater, Menwith
Hill, Mildenhall, Nottingham, Oxfordshire,
Plymouth, Portsmouth, Reading, Rochester,
Samlesbury, Southampton, Surrey, Water-
beach, Welford,
West Byfleet, and Wilt-
shire
37,900103.84
VenezuelaCaracas57,000156.16
VietnamHanoi46,800128.22
VietnamHo Chi Minh City42,000115.07

March 7, 2022 822 Bulletin No. 2022–10
SECTION 4. OPTION TO APPLY 2022
ADJUSTED HOUSING LIMITATIONS
TO 2021 TAXABLE YEAR
For some locations, the limitation on
housing expenses provided in Section 3 of
this notice may be higher than the limita-
tion on housing expenses provided in the
“Table of Adjusted Limitations for 2021”
in Notice 2021-18. A qualified individual
incurring housing expenses in such a loca-
tion during 2021 may apply the adjusted
limitation on housing expenses provided
in Section 3 of this notice for 2022 in lieu
of the amounts provided in the “Table of
Adjusted Limitations for 2021” in Notice
2021-18 (and as set forth in the Instruc-
tions to Form 2555, Foreign Earned In-
come, for 2021).
The Treasury Department and the IRS
anticipate that future annual notices pro-
viding adjustments to housing expense
limitations will make a similar option
available to qualified individuals that
incur housing expenses in the immedi-
ately preceding year. For example, when
adjusted housing expense limitations for
2023 are issued, it is expected that tax-
payers will be permitted to apply those
adjusted limitations to the 2022 taxable
year.
SECTION 5. EFFECT ON OTHER
DOCUMENTS
This notice supersedes Notice 2021-18,
2021-11 I.R.B. 911.
SECTION 6. EFFECTIVE DATE
This notice is effective for taxable
years beginning on or after January 1,
2022. However, as provided in Section
4, taxpayers may apply the 2022 adjusted
housing limitations contained in Section
3 of this notice to his or her taxable year
beginning in 2021.
SECTION 7. DRAFTING
INFORMATION
The principal author of this notice is
Kate Y. Hwa of the Office of Associate
Chief Counsel (International). For further
information regarding this notice contact
Kate Y. Hwa at (202) 317-5001 (not a toll-
free number).

Bulletin No. 2022–10 i March 7, 2022
Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the
effect:
Amplified describes a situation where
no change is being made in a prior pub-
lished position, but the prior position is
being extended to apply to a variation of
the fact situation set forth therein. Thus, if
an earlier ruling held that a principle ap-
plied to A, and the new ruling holds that
the same principle also applies to B, the
earlier ruling is amplified. (Compare with
modified, below).
Clarified is used in those instances
where the language in a prior ruling is be-
ing made clear because the language has
caused, or may cause, some confusion. It
is not used where a position in a prior rul-
ing is being changed.
Distinguished describes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modified is used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
with amplified and clarified, above).
Obsoleted describes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transactions.
This term is most commonly used in a ruling
that lists previously published rulings that
are obsoleted because of changes in laws or
regulations. A ruling may also be obsoleted
because the substance has been included in
regulations subsequently adopted.
Revoked describes situations where the
position in the previously published ruling
is not correct and the correct position is
being stated in a new ruling.
Superseded describes a situation where
the new ruling does nothing more than
restate the substance and situation of a
previously published ruling (or rulings).
Thus, the term is used to republish under
the 1986 Code and regulations the same
position published under the 1939 Code
and regulations. The term is also used
when it is desired to republish in a single
ruling a series of situations, names, etc.,
that were previously published over a
period of time in separate rulings. If the
new ruling does more than restate the sub-
stance of a prior ruling, a combination of
terms is used. For example, modified and
superseded describes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previous-
ly published ruling in a new ruling that is
self contained. In this case, the previously
published ruling is first modified and then,
as modified, is superseded.
Supplemented is used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names
in subsequent rulings. After the original
ruling has been supplemented several
times, a new ruling may be published that
includes the list in the original ruling and
the additions, and supersedes all prior rul-
ings in the series.
Suspended is used in rare situations to
show that the previous published rulings
will not be applied pending some future
action such as the issuance of new or
amended regulations, the outcome of cas-
es in litigation, or the outcome of a Ser-
vice study.
Abbreviations
The following abbreviations in current
use and formerly used will appear in
material published in the Bulletin.
A—Individual.
Acq.—Acquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cumulative Bulletin.
CFR—Code of Federal Regulations.
CI
—City.
COOP—Cooperative.
Ct.D.—Court Decision.
CY—County.
D—Decedent.
DC—Dummy Corporation.
DE—Donee.
Del. Order—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Employer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduciary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Foreign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Federal Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grantee.
GP—General Partner.
GR—Grantor.
IC—Insurance Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited Partner.
LR—Lessor.
M—Minor.
Nonacq.—Nonacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Personal Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Partnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Real Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsidiary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Transferee.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpayer.
TR—Trust.
TT—Trustee.
U.S.C.—United States Code.
X—Corporation.
Y—Corporation.
Z—Corporation.

March 7, 2022 ii Bulletin No. 2022–10
Numerical Finding List
1
Bulletin 2022–10
Announcements:
2022-3, 2022-8 I.R.B. 788
2022-4, 2022-9 I.R.B. 789
AOD:
2022-1, 2022-06 I.R.B. 466
Notices:
2022-1, 2022-02 I.R.B. 304
2022-2, 2022-02 I.R.B. 304
2022-3, 2022-02 I.R.B. 308
2022-4, 2022-02 I.R.B. 309
2022-5, 2022-05 I.R.B. 457
2022-6, 2022-05 I.R.B. 460
2022-7, 2022-06 I.R.B. 469
2022-8, 2022-07 I.R.B. 491
2022-9, 2022-10 I.R.B. 811
2022-10, 2022-10 I.R.B. 815
Proposed Regulations:
REG-118250-20, 2022-07 I.R.B. 753
Revenue Procedures:
2022-1, 2022-01 I.R.B. 1
2022-2, 2022-01 I.R.B. 120
2022-3, 2022-01 I.R.B. 144
2022-4, 2022-01 I.R.B. 161
2022-5, 2022-01 I.R.B. 256
2022-7, 2022-01 I.R.B. 297
2022-9, 2022-02 I.R.B. 310
2022-11, 2022-03 I.R.B. 449
2022-8, 2022-04 I.R.B. 451
2022-10, 2022-06 I.R.B. 473
2022-13, 2022-06 I.R.B. 477
2022-12, 2022-07 I.R.B. 494
2022-14, 2022-07 I.R.B. 502
Revenue Rulings:
2022-1, 2022-02 I.R.B. 301
2022-2, 2022-04 I.R.B. 451
2022-3, 2022-06 I.R.B. 467
2022-4, 2022-10 I.R.B. 790
2022-5, 2022-10 I.R.B. 792
Treasury Decisions:
9959, 2022-03 I.R.B. 328
9961, 2022-03 I.R.B. 430
9960, 2022-07 I.R.B. 481
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin
2020–52, dated December 27, 2021.

Bulletin No. 2022–10 iii March 7, 2022
Finding List of Current Actions on
Previously Published Items
1
Bulletin 2022–10
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin
2020–52, dated December 27, 2021.

Internal Revenue Service
Washington, DC 20224
Official Business
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