Tuesday, February 14, 2023

Update on IRS guidance regarding Child Tax Rebate

On February 10, 2023, the IRS provided guidance determining that the Child Tax Rebate issued by Rhode Island is not taxable and should not be included within federal adjusted gross income. The Rhode Island Division of Taxation today provides updated guidance regarding the taxability of the Child Tax Rebate. 

Details are available in Advisory 2023-05.