IRS Discount Rates
Month Rate
February 2023 4.6%
January 2023 4.6%
December 2022 5.2%
November 2022 4.8%


When computing the deduction for a gift annuity (and many other planned gifts), one can use the IRS discount rate for the month of the gift or either of the two prior months. The rate for the upcoming month typically is announced around the 20th of the previous month.

Click here to view past IRS discount rates.