Wednesday, December 11, 2024

Withholding booklet for 2025

The Rhode Island Division of Taxation has posted the withholding booklet for 2025.

Monday, December 9, 2024

Fee removals

The Division of Taxation reminds taxpayers that the passage of the State Fiscal Year 2025 budget has removed two fees, one for qualifying charitable organizations, and one related to estates.

Details are available in Advisory 2024-31.

Annual estate update

The Rhode Island Division of Taxation has published the Rhode Island estate tax credit amount and threshold for the estates of decedents dying on or after January 1, 2025.

Details are available in Advisory 2024-31.

Monday, December 2, 2024

Bi-annual application of consumer price index to Rhode Island Motor Fuel Tax

The Rhode Island Division of Taxation has applied a statutory formula to determine the Rhode Island Motor Fuel Tax rate that will be in effect as of July 1, 2025. The tax will increase from 37 to 38 cents per gallon, effective July 1, 2025. The Division is providing information regarding this most recent adjustment in advance of the July 1, 2025 effective date to allow stakeholders to take the necessary steps to accommodate the new rate.

Details are available in Advisory 2024-29.