Rhode Island

Rhode Island top income tax rate is 5.99% on income above $181,650; exemption cliff above $283,250

“A Rhode Island personal income tax is imposed on the Rhode Island income of every individual at the following rates: 3.75% on taxable income to $79,900; 4.75% on income from $79,901 to $181,650; and 5.99% on income exceeding $181,650.”

Note: The same three-bracket schedule applies for all filing statuses (single rate table). The personal exemption and standard deduction phase out to zero when federal AGI exceeds $283,250 (R.I. Gen. Laws §44-30-2.6); this phaseout is material for large-gain filers. Quote is verbatim from §44-30-2 only; the §44-30-2.6 phaseout sentence was previously included in the quote field but moved here to keep the quote single-source.

Rhode Island top income tax rate is 5.99% on income above $181,650; exemption cliff above $283,250

“A Rhode Island personal income tax is imposed on the Rhode Island income of every individual at the following rates: 3.75% on taxable income to $79,900; 4.75% on income from $79,901 to $181,650; and 5.99% on income exceeding $181,650.”

Note: The same three-bracket schedule applies for all filing statuses (single rate table). The personal exemption and standard deduction phase out to zero when federal AGI exceeds $283,250 (R.I. Gen. Laws §44-30-2.6); this phaseout is material for large-gain filers. Quote is verbatim from §44-30-2 only; the §44-30-2.6 phaseout sentence was previously included in the quote field but moved here to keep the quote single-source.

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

RI taxes out-of-state muni bond interest; RI bonds exempt R.I. Gen. Laws §44-30-12(b)(1)

“Interest income on obligations of any state, or its political subdivisions, other than Rhode Island, to the extent such interest is excluded from federal taxable income.”

RI taxes out-of-state muni bond interest; RI bonds exempt R.I. Gen. Laws §44-30-12(b)(1)

“Interest income on obligations of any state, or its political subdivisions, other than Rhode Island, to the extent such interest is excluded from federal taxable income.”

Rhode Island partially conforms to IRC §1400Z-2 QOZ gain deferral and exclusion

“(a) General. The Rhode Island income of a resident individual means the individual's adjusted gross income for federal income tax purposes, with the modifications specified in this section. ... (10) Modification for Rhode Island investment in opportunity zones. For purposes of a taxpayer's state tax liability, in the case of any investment in a Rhode Island opportunity zone by the taxpayer for at least seven (7) years, a modification to income shall be allowed for the incremental difference between the benefit allowed under 26 U.S.C. § 1400Z-2(b)(2)(B)(iv) and the federal benefit allowed under 26 U.S.C. § 1400Z-2(c);”

Note: Rhode Island starts from federal AGI, so base conformity to IRC §1400Z-2 applies to all federal opportunity zones; the quoted §44-30-12(c)(10) modification adds a bonus Rhode Island subtraction only for investments in Rhode Island opportunity zones held at least seven years, an additional state benefit beyond the federal treatment.

Rhode Island conforms to IRC §1202 QSBS gain exclusion; no addback required

“(3) For the period January 1, 2011, through December 31, 2011, and thereafter, "Rhode Island taxable income" means federal adjusted gross income as determined under the Internal Revenue Code, 26 U.S.C. § 1 et seq., and as modified for Rhode Island purposes pursuant to § 44-30-12”

Note: Rhode Island taxable income starts from federal AGI (§44-30-2.6(c)(3)); §44-30-12 lists no §1202 addback, so federally excluded QSBS gain never enters the Rhode Island base.

Rhode Island subtraction for U.S. obligation interest requires exemption from state income taxation under federal law; FNMA and FHLMC have no such federal bondholder exemption

“There shall be subtracted from federal adjusted gross income: interest income on obligations of the United States and its territories and possessions, or of any authority, commission, or instrumentality of the United States, to the extent includible in gross income for federal income tax purposes and exempt from state income taxes under the laws of the United States.”

Note: R.I. Gen. Laws §44-30-12(a)(1) requires the income be 'exempt from state income taxes under the laws of the United States.' FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) have no bondholder exemption statute. No RI DOR named-entity publication found; confidence: medium.

Rhode Island top income tax rate is 5.99% on income above $181,650; exemption cliff above $283,250

“A Rhode Island personal income tax is imposed on the Rhode Island income of every individual at the following rates: 3.75% on taxable income to $79,900; 4.75% on income from $79,901 to $181,650; and 5.99% on income exceeding $181,650.”

Note: The same three-bracket schedule applies for all filing statuses (single rate table). The personal exemption and standard deduction phase out to zero when federal AGI exceeds $283,250 (R.I. Gen. Laws §44-30-2.6); this phaseout is material for large-gain filers. Quote is verbatim from §44-30-2 only; the §44-30-2.6 phaseout sentence was previously included in the quote field but moved here to keep the quote single-source.

U.S. Treasury interest exempt from Rhode Island income tax: 31 U.S.C. §3124(a) prohibits state taxation of U.S. government obligations

“Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.”

Note: 31 U.S.C. §3124(a) preempts state income taxation of U.S. government obligations. Covers T-bills, T-notes, T-bonds, TIPS, and I-bonds. Most states allow a deduction or subtraction by statute cross-referencing this federal preemption.

FHLB and FFCB bond interest exempt from Rhode Island income tax: federal enabling statutes mandate state tax exemption

“Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.”

Note: 12 U.S.C. §1433 (FHLB) and 12 U.S.C. §2023 (FFCB/Farm Credit Act) both mandate state tax exemption for securities issued under their chapters. Contrasts with FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) which have no bondholder exemption statute and whose interest is taxable by income-tax states.

Farm Credit Act: notes, bonds, debentures, and other obligations of Farm Credit Banks are instrumentalities of the United States exempt from all State, municipal, and local taxation

“The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).”

Note: 12 U.S.C. §2023 explicitly covers 'the income therefrom' (i.e., interest payments to bondholders), exempting it from all State and local taxation. The only carve-out is federal income tax on the holder. Parallel to 12 U.S.C. §1433 (FHLB Act), which exempts FHLB securities from state taxation. Together §1433 and §2023 mandate state and local tax exemption for both FHLB and FFCB bond interest. Shared across all jurisdictions: a single object reference satisfies buildCitationIndex() identity check.

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

Rhode Island top income tax rate is 5.99% on income above $181,650; exemption cliff above $283,250

“A Rhode Island personal income tax is imposed on the Rhode Island income of every individual at the following rates: 3.75% on taxable income to $79,900; 4.75% on income from $79,901 to $181,650; and 5.99% on income exceeding $181,650.”

Note: The same three-bracket schedule applies for all filing statuses (single rate table). The personal exemption and standard deduction phase out to zero when federal AGI exceeds $283,250 (R.I. Gen. Laws §44-30-2.6); this phaseout is material for large-gain filers. Quote is verbatim from §44-30-2 only; the §44-30-2.6 phaseout sentence was previously included in the quote field but moved here to keep the quote single-source.

Rhode Island estate tax: 0.8% to 16% graduated; $1,802,431 exemption for TY2025 (CPI-U adjusted annually)

“For decedents dying on or after 1/1/2025 with a gross estate of more than $1,802,431”

Note: RI exemption is CPI-U adjusted annually per R.I. Gen. Law § 44-22-1.1(a). TY2024 was $1,774,583; TY2025 is $1,802,431; TY2026 is $1,838,056. Rate schedule runs 0.8%-16% using the pre-2001 federal state death tax credit table. Independent of federal exclusion.

Rhode Island estate tax: 0.8% to 16% graduated; $1,802,431 exemption for TY2025 (CPI-U adjusted annually)

“For decedents dying on or after 1/1/2025 with a gross estate of more than $1,802,431”

Note: RI exemption is CPI-U adjusted annually per R.I. Gen. Law § 44-22-1.1(a). TY2024 was $1,774,583; TY2025 is $1,802,431; TY2026 is $1,838,056. Rate schedule runs 0.8%-16% using the pre-2001 federal state death tax credit table. Independent of federal exclusion.

Rhode Island estate tax exemption for TY2026: $1,838,056 (CPI-U adjusted annually)

“For decedents dying on or after 1/1/2026 with a gross estate of more than $1,838,056”

Note: RI exemption CPI-U adjusted annually per R.I. Gen. Law § 44-22-1.1(a). TY2025 was $1,802,431; TY2026 is $1,838,056. Rate schedule 0.8%-16% using the pre-2001 federal state death tax credit table. Independent of federal exclusion.

Rhode Island top income tax rate is 5.99% on income above $181,650; exemption cliff above $283,250

“A Rhode Island personal income tax is imposed on the Rhode Island income of every individual at the following rates: 3.75% on taxable income to $79,900; 4.75% on income from $79,901 to $181,650; and 5.99% on income exceeding $181,650.”

Note: The same three-bracket schedule applies for all filing statuses (single rate table). The personal exemption and standard deduction phase out to zero when federal AGI exceeds $283,250 (R.I. Gen. Laws §44-30-2.6); this phaseout is material for large-gain filers. Quote is verbatim from §44-30-2 only; the §44-30-2.6 phaseout sentence was previously included in the quote field but moved here to keep the quote single-source.

Rhode Island conforms to the federal capital-loss base; treatment of an imported pre-residency section 1212 carryforward is a structural inference

“For the period January 1, 2007, through December 31, 2007, and thereafter, Rhode Island taxable income shall be determined by deducting from federal adjusted gross income as defined in 26 U.S.C. § 62 as modified by the modifications in § 44-30-12 the Rhode Island itemized-deduction amount and the Rhode Island exemption amount.”

Note: R.I. Gen. Laws §44-30-2.6 determines Rhode Island taxable income by starting from federal adjusted gross income under 26 U.S.C. § 62, so the federal section 1212 capital-loss base carries through. No published guidance addresses the imported pre-residency carryforward; that piece stays a structural inference.