Uncle Sam’s Late Fee Rate Hits 4.625% for Contractors
Published Date: 7/31/2025
Notice
Summary
Starting July 1, 2025, through December 31, 2025, the interest rate for late government payments is set at 4.625% per year. This means if the government pays contractors late, they owe this extra interest. Contractors and agencies should note this rate to keep their money matters fair and square!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Prompt Payment Interest Rate Set
From July 1, 2025 through December 31, 2025, the interest rate for late U.S. government payments is 4.625% per year. If the government pays a contractor late during this period, the contractor is owed interest at that 4.625% annual rate.
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