Rhode Island Announces 2019 Personal Income Rate Schedules, Deductions, Exemptions

Rhode Island has released the personal income tax rate schedules, the tax rate schedules for trusts and estates, standard deduction amounts, and personal exemption amounts for the 2019 tax year.

Additionally, the 2018 income limits for social security, pension, or other retirement modifications have been announced.

Tax Rate Schedules

For the 2019 tax year, the tax rate is:

  • 3.75% on the first $64,050 of taxable income;
  • 4.75% on taxable income between $64,050 and $145,600; and
  • 5.99% on taxable income over $145,600.

For trusts and estates, the tax rate is:

  • 3.75% on the first $2,550 of taxable income;
  • 4.75% on taxable income between $2,550 and $8,150; and
  • 5.99% on taxable income over $8,150.

Standard Deduction

The standard deduction amounts for the 2019 tax year are as follows:

  • $8,750 for single taxpayers and married taxpayers filing separate returns;
  • $13,100 head-of-household filers; and
  • $17,500 for married taxpayers filing a joint return and qualifying widow(er)s.

The 2019 standard deduction phaseout range is $203,850 to $227,050.

Personal and Dependency Exemption

For the 2019 tax year, the personal and dependency exemption amount is $4,100, while the phaseout range is $203,850 to $227,050.

Retirement and Social Security Income Modifications

For purposes of the social security modification, the income limits for tax year 2018 are:

  • $83,550 for single taxpayers, head of household filers, and married taxpayers filing separate returns; and
  • $104,450 for married taxpayers filing a joint return.

For modifications due to other pensions or retirement pay, the income limits for tax year 2018 are:

  • $81,900 for single taxpayers and head of household filers;
  • $81,925 for married taxpayers filing separate returns; and
  • $102,400 for married taxpayers filing a joint return.

Advisory for Tax Professionals 2018-45, Department of Revenue, Division of Taxation, November 21, 2018

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