The Rhode Island Division of Taxation has extended, until January 31, 2021, a spending deadline for recipients of two grant programs that provide relief for certain businesses suffering losses due to coronavirus (COVID-19) pandemic restrictions.
For more information, click here.
The Rhode Island Division of Taxation has posted an Advisory about what’s new from a tax standpoint for the year that begins on Friday, January 1, 2021.
For more information, click here.
The Rhode Island Division of Taxation has posted its latest Administrative Decision.
The Division of Taxation has posted the new booklet of income tax withholding tables (used by employers and others to calculate how much to withhold from an employee’s pay in 2021 for Rhode Island personal income tax purposes). Click here to view. (See screenshot below.)
The Division has also posted the new version of Form RI W-4, “Employee’s Withholding Allowance Certificate” (which an employee may use to adjust the amount of Rhode Island personal income tax withheld from the employee's paycheck). Click here to view.
Rhode Island Governor Gina M. Raimondo recently extended a number of Executive Orders until December 31, 2020, including the following:
These Executive Orders will remain in full force and effect until December 31, 2020, unless renewed, modified, or terminated by subsequent Executive Orders. For more information, click here.
The Rhode Island Division of Taxation has posted its latest Administrative Decision.
The Rhode Island Division of Taxation held its “Seminar for Tax Preparers” online on Wednesday, December 9, 2020. The seminar provided an update for tax preparers on what’s new for the coming tax-filing season, which begins next month.
The Division has posted the seminar’s slides on its website. To view, please click here and scroll down the page to the “Practitioners Corner” area.
The Rhode Island Division of Taxation today issued a reminder about two State grant programs that provide relief for certain businesses that are suffering losses due to coronavirus (COVID-19) pandemic restrictions.
“Affected businesses that have not already applied should take time this weekend to review each program’s requirements and other details, because the application deadline for both programs is right around the corner,” said Rhode Island Tax Administrator Neena Savage.
For more information, click here.
The “RI on Pause” grant program has been extended through the third week of the Pause.
In addition, the application deadline has been extended to 11:59 p.m. on Monday, December 14, 2020.
For more information, click here.
The Rhode Island Division of Taxation has posted, as final, a regulation involving Rhode Island’s health insurance mandate. For more information, click here.
The Rhode Island Division of Taxation has announced the standard deduction amounts, tax bracket ranges, and other key items for the Rhode Island personal income tax for tax years beginning on or after January 1, 2021.
For more information, click here.
For more information, click here.
The Rhode Island Division of Taxation, the Internal Revenue Service, and other partners in the Security Summit urge businesses to be on guard as thieves try to use names and data stolen from businesses to file fraudulent tax returns. For more information, click here.
Also as part of the Security Summit effort, the IRS has announced that, starting in January 2021, the Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identities. For more information, click here.
In response to concerns raised by the impacted business community, the Rhode Island Division of Taxation has modified the Rhode Island on Pause grant program to provide certain industries the option to report the tax filer’s Rhode Island gross receipts.
Businesses eligible to use gross receipts include: indoor recreation and entertainment establishments, gyms and fitness centers, indoor sports facilities, and event support professionals. For more information, click here.
The Rhode Island Division of Taxation today announced the Rhode Island estate tax credit amount and threshold for the estates of decedents dying on or after January 1, 2021. For more information, click here.