Rhode Island Tax FAQs

• taxmOuth Rhode Island Tax FAQs

Rhode Island Tax Forms

• taxmOuth Rhode Island Tax Forms

Rhode Island Corporate Taxes

• taxmOuth Rhode Island Corporate Taxes
• Rhode Island Tax 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%

Rhode Island Tax Incentives and Credits

• taxmOuth Rhode Island Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Rhode Island Individual Income Taxes

• taxmOuth Rhode Island Individual Income Taxes
• Rhode Island tax rates and 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

Rhode Island Estate, Gift and Inheritance Taxes

• taxmOuth Rhode Island Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Rhode Island Miscellaneous Taxes

• taxmOuth Rhode Island Miscellaneous Taxes
• Gas Tax: 31.0 cents/gallon
• Diesel Tax: 31.0 cents/gallon
• Cigarette Tax: 346.0 cents/20 pack

Rhode Island Pass-through Tax Treatment

• taxmOuth Rhode Island Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Partial

Rhode Island Payroll Taxes

• taxmOuth Rhode Island Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #50

Rhode Island Property Taxes

• taxmOuth Rhode Island 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)

Rhode Island Sales and Use Taxes

• taxmOuth Rhode Island Sales and Use Taxes
• State Rate: 7.00%
• County & City (Weighted Ave): None
• Combined State and Ave. Local Rates (Rank): 7.00% (#19)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Exempt