Thursday, March 15, 2012

New SOI reports now available

The Rhode Island Division of Taxation today posted on its website two new sets of Statistics of Income (SOI) reports. One set is for Rhode Island’s personal income tax; the other is for the state corporate income tax. Both cover tax year 2010.

The reports draw on figures contained in tax returns filed with the Tax Division. The reports do not disclose confidential taxpayer information. Rather, they provide aggregate data for a given tax type.

For example, the set of SOI reports for the Rhode Island personal income tax shows how many returns were filed for tax year 2010, how much adjusted gross income taxpayers reported in the aggregate, how many taxpayers claimed the standard deduction, how many itemized their deductions, and how much in credits they claimed.