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Category: Rhode Island
20 Articles
Orange arrow Rhode Island Section 179 Depreciation

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  SECTION 179 DEPRECIATION Rhode Island passed a bill disallowing the increase in the Section 179 depreciation under the Jobs & Growth Tax Relief Reconciliation Act of 2003. Section 179 depreciation will remain limited to $25,000 for Rhode Island income tax purposes. When filing your Rhode Island...
Posted in: States, Rhode Island

Orange arrow How can I amend my return?

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  AMENDED RETURNS Report any changes to your original filing on Form RI-1040, and check the Amended checkbox. Using the Supplement to Individual Income Tax Return, provide an explanation of changes to your income, deductions or credits. Attach the supplement to your amended return along with all sche...
Posted in: States, Rhode Island

Orange arrow Rhode Island Bonus Depreciation

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  BONUS DEPRECIATION A bill passed disallowing the federal bonus depreciation for Rhode Island tax purposes. When filing a Rhode Island tax return any bonus depreciation taken for federal purposes must be added back to income as a modification on RI Schedule M - page 2, line 2d for Rhode Island purpo...
Posted in: States, Rhode Island

Orange arrow Can I e-file my Rhode Island state return without e-filing my federal return?

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  E-filing of a state only return is no longer allowed. If you wish to file a state only return, you will need to print and mail the documents. You will need to first input your federal information in order for to calculate your state return properly....
Posted in: States, Rhode Island

Orange arrow Rhode Island Modifications To Federal AGI

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  Modifications Decreasing Federal AGI: Income from obligations of the US government included in Federal AGI but exempt from state income taxes reduced by investment interest on the obligations taken as a federal itemized deduction. Rhode Island fiduciary adjustment as beneficiary of an estate or t...
Posted in: States, Rhode Island

Orange arrow Rhode Island Contributions

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  These checkoff contributions will increase your tax due or reduce your refund. All checkoff contributions are voluntary. A contribution to the following programs may be made by checking the appropriate box(es) or by entering the amount you want to contribute. All such contributions are deposited as...
Posted in: States, Rhode Island

Orange arrow Rhode Island Forms

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  Rhode Island Forms may be obtained by: Visiting the division of taxations website, http://www.tax.ri.gov or Calling the division of taxation's forms request line at 401-574-8970...
Posted in: States, Rhode Island

Orange arrow How can I file an extension for my Rhode Island state taxes?

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  EXTENSION OF TIME Any extension of time granted for filing an individual income tax return shall not operate to extend the time for the payment of any tax due on such return. In General - (1) An individual who is required to file a Rhode Island income tax return shall be allowed an automatic si...
Posted in: States, Rhode Island

Orange arrow Who is required to file a Rhode Island state return?

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  RESIDENT INDIVIDUALS - Every resident individual of Rhode Island required to file a federal income tax return must file a Rhode Island individual income tax return (RI-1040 or RI-1040S). A resident individual who is not required to file a federal income tax return may be required to file a Rhode I...
Posted in: States, Rhode Island

Orange arrow Where can I mail my forms?

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  Contact by phone at: (401) 574-8829, option #3 WHERE AND WHEN TO FILE Rhode Island income tax returns must be filed by April 15 of the current tax year. If you are claiming a refund, mail your return to:Rhode Island Division of TaxationOne Capitol HillProvidence, RI 02908 – 5806 If you ...
Posted in: States, Rhode Island

Orange arrow Rhode Island Property Tax Relief Claim

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  Form RI-1040H must be filed by April 15, 2022. Even if you are seeking a filing extension for your Rhode Island income tax return, RI-1040, Form RI-1040H must be filed by April 15, 2022. An extension of time to file Form RI-1040, does NOT extend the time to file Form RI-1040H. If filing with Fo...
Posted in: States, Rhode Island

Orange arrow Rhode Island Payment Options

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  How To Prepare Your Payment Make your check or money order payable to the "R.I. Division of Taxation." Do not send cash. Make sure the name and address appears on the check or money order. Write "Form RI-1040V," daytime phone number and social security number on your check or money order. Send pay...
Posted in: States, Rhode Island

Orange arrow Rhode Island Net Operating Loss Deduction

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  NET OPERATING LOSS DEDUCTIONS The Rhode Island Personal Income Tax law relating to Net Operating Loss deduction (NOL) has been amended by enactment of RIGL §44-30-2.8 and RIGL §44-30-87.1. Under the provisions of RIGL §44-30-87.1, for losses incurred for taxable years beginning on ...
Posted in: States, Rhode Island

Orange arrow Rhode Island Business Allocation Percentage

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  RI Schedule III - FOR NON-RESIDENTS ONLY THIS SCHEDULE IS ONLY TO BE COMPLETED BY PART-YEAR RESIDENTS. FULL YEAR NONRESIDENTS COMPLETE RI SCHEDULE II. A part-year resident is a person who changed his legal residence by moving into or out of Rhode Island at any time during the year 2020. If you ar...
Posted in: States, Rhode Island

Orange arrow Rhode Island Other Modifications Increasing AGI

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  Income from obligations of any state or its political subdivisions, other than Rhode Island under RIGL §44-30-12(1) and RIGL §44-30-12(2) Rhode Island fiduciary adjustment as beneficiary of an estate or trust under RIGL §44-30-17 Recapture of Family Education Account modifications ...
Posted in: States, Rhode Island


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