Thursday, October 22, 2015

Estate tax threshold for 2016

The Rhode Island estate tax threshold and related credit amount will remain unchanged for 2016, the Rhode Island Division of Taxation announced today.

The threshold will be $1.5 million and the related credit amount will be $64,400 for decedents dying on or after January 1, 2016. The same amounts apply for decedents dying in 2015.