Rhode Island State Tax Help and Forms (Subscribe)
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Rhode Island tax help, forms and answers to thousands of Rhode Island tax questions. Handy summary of all Rhode Island taxes, including corporate and individual Rhode Island income taxes, credits, exemptions, deductions and more. Includes Rhode Island estate, gift and inheritance tax, miscellaneous Rhode Island taxes, pass-through entity treatment, payroll taxes, property taxes and Rhode Island sales & use taxes.
Rhode Island ranks #44 on the State Business Tax Climate Index (TaxFoundation.org).|
Corporate Taxes
Rates & Brackets: 9%> $0 Loss Carry-back/fwd: 0 Years Back / 5 Years Forward (Unlimited) Throwback Sales?: Y Foreign Tax Deductible?: Y Alternative Minimum Tax (AMT): N Gross Receipts Tax: N Capital Stock (Net Worth) Tax?: 0.030% Credits and Incentives Job Credits?: Y R&D Credits?: Y Investment Credits?: Y Individual Taxes Rates & Brackets: 3.75%> $0 7%> $33,950 7.75%> $82,250 9%> $171,550 9.9%> $372,950 Local Option IT Rate: None Federal Inc used as Base?: Y Standard Deductions: Single $5,450 / Joint $8,900 Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500 Federal Tax Deductible?: N State Tax Deductible?: Y Alternative Minimum Tax (AMT)?: Y Inheritance, Gift, Estate, Death Taxes Gift Tax?: N Estate Tax?: Decoupled Inheritance Tax?: N Generation-Skipping Tax?: N Miscellaneous Taxes Gas Tax: 31.0 cents/gallon Diesel Tax: 31.0 cents/gallon Cigarette Tax: 346 cents/20 pack Pass-through Entities LLC Pass-through Recognized?: Y S-Corp Pass-through Recognized?: Partial Payroll Taxes Unemployment Insurance Tax Index (TaxFoundation.org): #50 Property Taxes Median Tax Paid on Homes (Rank): $3,534 (#5) Median Value of Homes: $286,000 Tax as % of Home Value (Rank): 1.24% (#16) Median Income of Homeowner: $75,813 Tax as % of Income (Rank): 4.66% (#7) Sales and Use Taxes State Rate: 7.0% County & City (Weighted Ave): None Combined State and Ave. Local Rates (Rank): 7.0% (#19) General Treatment of Services: Exempt Gas Exemption: Exempt Grocery Exemption: Exempt |
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- Taxes/State and Local Taxes/Multistate State Tax Help and Forms
- Taxes/State and Local Taxes/State Tax Tools/State Tax FAQs/Rhode Island State Tax Questions and Answers
Links
http://www.rilin.state.ri.us/Statutes/TITLE44/44-6.1/INDEX.HTM
The initial contact on most voluntary disclosures is a letter from the representative giving a brief general description of the company’s activities and what the company is seeking by coming forward. The Tax Division will respond with a letter outlining its position. At that time the company can decide whether or not to disclose.
