2010 TaxGrams™
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State and Local Taxes
Rhode Island State Tax Summary

Rhode Island state tax summary, including corporate and individual Rhode Island income taxes, credits, exemptions, deductions and more. Includes Rhode Island estate, gift and inheritance tax, miscellaneous Rhode Island taxes, pass-through entity treatment, payroll taxes, property taxes and Rhode Island sales & use taxes.

Rhode Island ranks #44 on the State Business Tax Climate Index (TaxFoundation.org).

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    taxmOuth Rhode Island Taxes

Rhode Island Tax Contacts

Rhode Island Tax FAQs

Rhode Island Tax Forms

Rhode Island Corporate Taxes

  • taxmOuth Rhode Island Corporate Taxes
  • Rhode Island Tax Rates & Brackets:

    9%> $0
  • Loss Carry-back/fwd: 0 Years Back / 5 Years Forward (Unlimited)
  • Throwback Sales?: Y
  • Foreign Tax Deductible?: Y
  • Alternative Minimum Tax (AMT): N
  • Gross Receipts Tax: N
  • Capital Stock (Net Worth) Tax?: 0.030%

Rhode Island Tax Incentives and Credits

Rhode Island Individual Income Taxes

  • taxmOuth Rhode Island Individual Income Taxes
  • Rhode Island tax rates and brackets:

    3.75%> $0
    7%> $33,950
    7.75%> $82,250
    9%> $171,550
    9.9%> $372,950
  • Local Option IT Rate: None
  • Federal Inc used as Base?: Y
  • Standard Deductions: Single $5,450 / Joint $8,900
  • Personal Exemptions/Credits (c): Single $3,500 / Joint $7,000 / Dependent $3,500
  • Federal Tax Deductible?: N
  • State Tax Deductible?: Y
  • Alternative Minimum Tax (AMT)?: Y

Rhode Island Estate, Gift and Inheritance Taxes

Rhode Island Miscellaneous Taxes

Rhode Island Pass-through Tax Treatment

Rhode Island Payroll Taxes

Rhode Island Property Taxes

  • taxmOuth Rhode Island Property Taxes
  • Median Tax Paid on Homes (Rank): $3,534 (#5)
  • Median Value of Homes: $286,000
  • Tax as % of Home Value (Rank): 1.24% (#16)
  • Median Income of Homeowner: $75,813
  • Tax as % of Income (Rank): 4.66% (#7)

Rhode Island Sales and Use Taxes

  • taxmOuth Rhode Island Sales and Use Taxes
  • State Rate: 7.00%
  • County & City (Weighted Ave): None
  • Combined State and Ave. Local Rates (Rank): 7.00% (#19)
  • General Treatment of Services: Exempt
  • Gasoline: Exempt
  • Groceries: Exempt

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