Rhode Island tax changes for 2022

The Rhode Island Division of Taxation reminds tax professionals and others about tax changes that will take effect in the 2022 calendar year.

The changes are important to keep in mind now for tax-planning purposes throughout the 2022 calendar year.

Many of these changes apply for tax years beginning on or after January 1, 2022, and generally do not affect the tax returns that businesses and individuals will file over the next few months, covering the 2021 tax year. 

Read more about all the changes here: https://tax.ri.gov/media/18411/download?language=en

Inflation-adjusted amounts set for tax year 2022

The Division 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, 2022.

Find the inflation-adjusted amounts set for tax year 2022 as well as changes for certain items involving 2021 tax year here: https://tax.ri.gov/media/18021/download?language=en

New: Form RI-706 replaces Forms RI-100 and RI-100A

The Rhode Island Division of Taxation has announced a new and streamlined process for filing Estate Tax returns. Starting January 1, 2022, if you are the executor/executrix, administrator/administratrix, or personal representative for the estate of a decedent who passed after January 1, 2015, and are filing a taxable or a non-taxable estate return, you will need to use the new  RI-706 form. There has been no statutory change or change in the administration of the Estate Tax. This update is simply to streamline the forms used to file.

Read more about this update here: https://tax.ri.gov/media/18026/download?language=en

Latest Administrative Decision

The Rhode Island Division of Taxation has posted a new Administrative Decision:

• Decision No. 2021-10 looks at cigarette tax; whether the taxpayer owes cigarette tax, and if so, should any sanctions be imposed?

 

Division's New Taxpayer Portal

Effective January 4, 2022, tax payments can no longer be made using the website which uses the following web address: https://www.ri.gov/taxation/business/index.php. Instead, online debit payments may only be made via the Division’s Taxpayer Portal, which can be accessed via the following address: https://taxportal.ri.gov. 

Learn more: https://tax.ri.gov/media/17931/download?language=en

For questions or assistance, please call the Division at (401) 574-8484. Please activate your Taxpayer Portal account as soon as possible. 

Reminder that mask and health screening are required for office visits

 Planning to visit our office? Please remember that masks and health screenings are required.

Join us in helping to limit the spread of the coronavirus (COVID-19). 

To learn more: click here

More than 70% of cyberattacks are aimed at small businesses

 The Rhode Island Division of Taxation, the Internal Revenue Service (IRS), and the tax industry – working together as the Security Summit – urge businesses to be alert to cyberattacks aimed at gaining access to business data and customer information. The Summit partners have also provided steps to help businesses with tax-related issues concerning to identity theft.

Learn more here: https://tax.ri.gov/media/17851/download?language=en

Tax pros should be wary of information-stealing scams

The Rhode Division of Taxation, the Internal Revenue Service (IRS), and other partners in the Security Summit today warned tax professionals that they face additional security risks from cybercriminals seeking to use the pandemic-related industry changes and scams to steal sensitive client information. 

Learn more here: https://tax.ri.gov/media/17846/download?language=en

IRS provides extra protection for taxpayers through IP PIN program

The Rhode Island Division of Taxation, the Internal Revenue Service (IRS), and the tax industry – working together as the Security Summit – remind taxpayers they can get extra protection starting in January by joining the IRS’s Identity Protection Personal Identification Number (IP PIN) program. 

Learn more here: https://tax.ri.gov/media/17841/download?language=en