Inflation adjustments posted

The Rhode Island Division of Taxation has published the standard deduction amounts, tax bracket ranges, and other key items for Rhode Island Personal Income Tax for tax years beginning on or after January 1, 2025.

The inflation-adjusted amounts apply for Tax Year 2025 and will not appear on tax returns in 2025 covering Tax Year 2024 but are useful to know for tax-planning purposes, as well as for making any needed adjustments to withholding or estimated payments.

Details are available in Advisory 2024-26.

Latest Administrative Decision

In the latest Administrative Decision, the issue addressed was whether the Taxpayer owes other tobacco products tax and if so, should any sanctions be imposed.

Details are contained in Administrative Decision 2024-24.

Extension filing due date reminder

The Rhode Island Division of Taxation reminds tax professionals and taxpayers that the due date for filing Rhode Island resident and nonresident personal income tax returns on extension is Tuesday, October 15, 2024.

More information is available in Advisory 2024-25.

Latest newsletter now available

The Division's latest newsletter is Available in the Newsletter Archive.

Latest Administrative Decisions

In the latest Administrative Decisions, the issues addressed were both related to Taxpayers that defaulted on their Stipulations with the Division:

• Whether the Taxpayer breached its 2023 Stipulation with the Division, and if so, should any sanctions be imposed.

• Details are contained in Administrative Decision 2024-22.

• Whether the Taxpayer breached its 2023 Stipulation with the Division, and if so, should any sanctions be imposed.

• Details are contained in Administrative Decision 2024-23.