The Rhode Island Division of Taxation announces the release of its annual personal income tax guide for retirees. In past years, this guide has included information regarding modifications for income from pensions, 401(k) plans, and annuities.
This year, the guide has been expanded to cover the updated treatment of military service pensions, as well as the Social Security Modification, and SECURE 2.0 Act 529 plan IRA rollover. This year's guide has a new name "Rhode Island Retirement Income Tax Guide," to best reflect these changes.
The guide features helpful examples, clear tables, expanded guidance, and statutory references.
Publication 2024-01, the "Rhode Island Retirement Income Tax Guide" covering Tax Year 2023, is available on the Division's website.
