Tuesday, November 30, 2021

Estate tax -- revision

The Rhode Island Division of Taxation has revised an Advisory, originally posted November 9, 2021, about the estate tax. As noted in the original Advisory, the credit amount of $74,300 applies for estates of decedents dying on or after January 1, 2022. However, under the revised Advisory, the threshold amount has been changed to $1,648,611 for decedents dying on or after January 1, 2022. To view the revised Advisory, click here.