Get Form T-71A - Rhode Island Division Of Taxation - Tax Ri

Provides tax relief to a domiciled resident who is the legal owner of residential property on or before December 31st of each year and which property is the principal residence ( owner-occupied) of said person.

If you are a Rhode Island resident and you are required to file a federal return, you must also file a Rhode Island return. Even if you are not required to file a federal return, you may still have to file a Rhode Island return if your income exceeds the amount of your personal exemption.

For decedents dying on or after January 1, 2023, the credit amount is $80,395, exempting from taxation the first $1,733,264 of an estate. This means that, in general, if a decedent passes away in 2023, a net taxable estate valued at $1,733,264, or less, will not be subject to Rhode Island's Estate Tax.

a) You must be sixty-five (65) years of age or older and/or disabled.

If you are not required to file a Rhode Island income tax return, Form RI-1040H may be filed by itself without attaching it to a Rhode Island income tax return. However, Form RI-1040H must be filed by April 15, 2023. Your property tax relief claim should be filed as soon as possible after December 31, 2022.

To have forms mailed to you, please call 401.574. 8970 or email Tax.Forms@tax.ri.gov.

Under the provisions of R.I. Gen. Laws § 44-33-16, a claim for relief shall exclude all taxes or rent paid with public assistance funds. The maximum amount of credit allow- able under Chapter 44-33, Property Tax Relief Act, for calendar year 2022 is $600.00.

Rhode Island is not tax-friendly toward retirees. Social Security income is partially taxed. Withdrawals from retirement accounts are fully taxed. Wages are taxed at normal rates, and your marginal state tax rate is 3.75%.