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Some goods are exempt from sales tax under Rhode Island law. Examples include most non-prepared food items, prescription medications, and some clothing.
Rhode Island Tax Rates, Collections, and Burdens Rhode Island has a 7.0 percent corporate income tax rate. Rhode Island also has a 7.00 percent state sales tax rate.
Rhode Island State Income Tax (SIT) Income Tax Bracket [Over X] - [But not over Y]2025 Income Tax Rate $0 - $79,900 3.75% of excess over $0 $79,900 - $181,650 $2,996.25 + 4.75% of excess over $79,900 $181,650 or greater $7,829.38 + 5.99% of excess over $181,650 Jan 17, 2025
If you make $600 a year living in the region of California, USA, you will be taxed $52.50.
C corporations, S corporations, and LLCs that elect to be taxed as either type of corporation pay Rhode Island income taxes if they do business in the state. Corporations pay a 7% tax on all Rhode Island taxable income, with a minimum tax of $400.
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The income tax is a progressive tax with rates ranging from 3.75% up to 5.99%. The highest marginal rate applies to taxpayers earning more than $176,050 for tax year 2024. Those rates are near the national average for state income taxes, and the same is true of the states sales tax, which is 7%.
WHAT IS FORM RI 1040V AND DO YOU NEED TO USE IT? It is a statement you send with your payment of any balance due on line 15c of your Form RI-1040 or line 18c of your Form RI-1040NR. Using Form RI-1040V allows us to process your payment more accurately and efficiently.
The Rhode Island (RI) state sales tax rate is currently 7%. Rhode Island is one of the few states with a single, statewide sales tax.