Rhode Island State Tax ― Personal Income Tax
In general, every Rhode Island resident individual who files a federal income tax return must also file a Rhode Island income tax return.
Individual income tax in Rhode Island is imposed at the following rates/brackets:
- 3.75% on taxable income of $33,950 or less
- 7% on taxable income between $33,951 and $82,250
- 7.75% on taxable income between $82,251 and $171,550
- 9% on taxable income between $171,551 and $372,950
- 9.9% on taxable income of $372,951 or more
RI state tax returns are due by April 15th following the end of the tax year. If you cannot file by the deadline, you may request an extension of time to file ― although you must still pay any tax due to the Rhode Island Division of Taxation.
Rhode Island State Tax ― Corporate Tax
There are 2 main types of corporate tax in Rhode Island: corporate income tax and corporate franchise tax. The “corporate income tax” has a flat rate of 9% on a corporation’s net income. The “corporate franchise tax” is imposed on authorized capital stock at a rate of $2.50 for each $10,000. Corporations must pay whichever rate (corporate income or corporate franchise) results in a higher tax, with a minimum tax of $500.
Rhode Island State Tax ― Sales & Use Tax
Sales tax is imposed on the retail sale, lease, or rental of goods and services. It is paid by consumers and collected by vendors registered with the Division of Taxation. Rhode Island’s sales tax rate is 7%.
The “use tax” is a component of that sales tax is enforced when the proper amount of sales tax has not been paid. It generally applies to purchases made out-of-state and then brought into Rhode Island for storage, use, or consumption. Transactions made via Internet, telephone, and mail-order catalog are usually subject to the use tax.
Rhode Island State Tax Forms
Form RI-1040 (Rhode Island Resident Individual Income Tax Return)
Form RI-1040S (Rhode Island Simplified Resident Individual Income Tax Return)
Form RI-1040NR (Rhode Island Nonresident/Part-Year Resident Individual Income Tax Return)
Form RI-2210A (RI Underpayment of Estimated Tax by Individuals)
Form RI-6251 (Rhode Island Alternative Minimum Tax)
Form RI-1040H (Rhode Island Property Tax Relief Claim)
Form RI-4868 (Application for Automatic Extension of Time to File a Rhode Island Individual Income Tax Return)
Form RI-1040V (Resident/Nonresident Return Payment Voucher)
Form RI-1040ES (State of Rhode Island Estimated Payment Coupon)
Form RI-1040X (Amended Rhode Island Individual Income Tax Return)
Form T-205 (Consumer’s Use Tax Return)
Rhode Island State Tax Resources
State of Rhode Island, Division of Taxation: www.tax.state.ri.us
Find RI state tax forms: www.tax.state.ri.us/taxforms
RI Division of Taxation “Online Services” center: www.tax.state.ri.us/onlineservices
RI Division of Taxation “Electronic Funds Transfer” center: www.tax.state.ri.us/eft
Check the status of your RI state tax refund online: www.ri.gov/cgi-bin/taxation/refund/status
Contact the RI Division of Taxation: www.tax.state.ri.us/contact