Rhode Island Income Tax Calculator (2024)

Estimate your take-home pay and all taxes in Rhode Island for 2024!
Our Rhode Island Income Tax Calculator provides a fast, accurate breakdown of your federal, RI state, and FICA taxes, including deductions, dependents, and pay frequency. Instantly see your annual and per-paycheck results, interactive charts, and a transparent calculation process.
This tool gives you clarity on your net pay and tax obligations. Updated for 2024 brackets and rules.

Rhode Island Income Tax Calculator

Calculating for Tax Year 2024
Disclaimer: This is a basic estimate for Tax Year 2024 for informational purposes ONLY. It uses standard deductions or your itemized estimate and limited filing statuses. It does not account for all credits or complexities and is not tax advice. Visit the Rhode Island Division of Taxation for official information.

Understanding Rhode Island Taxes (2024)

Calculating your Rhode Island taxes involves state, federal, and FICA taxes. This calculator helps you estimate your take-home pay by considering these key components.

Rhode Island State Income Tax

Rhode Island has a progressive income tax system with rates ranging from 3.75% to 5.99% for 2024. The tax brackets apply to all filing statuses, but the income thresholds are adjusted based on inflation each year.

  • Taxable Income: Rhode Island taxable income starts with federal AGI with state-specific adjustments.
  • Standard Deduction (2024): $9,300 for Single, $18,600 for Married Filing Jointly, $13,850 for Head of Household.
  • Personal Exemption: $4,350 per person, which phases out for higher income levels.

2024 Rhode Island Tax Brackets (All Filing Statuses):

  • 3.75% on income between $0 and $70,250
  • 4.75% on income between $70,251 and $160,100
  • 5.99% on income above $160,101

Federal Income Tax

Federal income tax is based on federal tax brackets, your filing status, deductions, and allowances claimed on your W-4. Pre-tax deductions like 401(k) or HSA contributions reduce your federal taxable income.

FICA Taxes

FICA taxes fund Social Security and Medicare.

  • Social Security: 6.2% on income up to $168,600 for 2024.
  • Medicare: 1.45% on all income, with an additional 0.9% on income above certain thresholds.

Other Rhode Island Taxes

Other taxes in Rhode Island include:

  • Property Tax Relief Credit: Rhode Island offers a property tax relief credit for eligible residents who own or rent their primary residence.
  • Sales Tax: Rhode Island has a state sales tax rate of 7%, which is among the highest in the nation.
  • Taxes on Retirement Income: Rhode Island taxes most retirement income, including pensions and 401(k) distributions, but provides some exemptions for Social Security benefits based on income levels.

Disclaimer: This information is for general guidance for the 2024 tax year and is not tax advice. Consult a tax professional for personalized advice.