The state of Rhode Island has made the following tax law changes for tax year 2021:
- 2021 Rhode Island Standard Deductions Adjusted- The adjusted standard deduction amounts are:
- Single- $9,050
- Married Filing Joint: $18,100
- Qualifying Widow(er): $18,100
- Married Filing Separate: $9,050
- Head of Household: $13,550
- Personal Exemption increased to $4,250
- New Federal AGI amounts for Social Security subtraction based on filing status:
- Single or Head of Household: $88,950
- Married Filing Separate: $88,975
- Married Filing Joint or Qualifying Widow(er): $111,200
- New Federal AGI amounts for Retirement subtraction (up to $15,000), based on filing status
- Single or Head of Household: $87,200
- Married Filing Separate: $87,225
- Married Filing Joint or Qualifying Widow(er): $109,050
- Health Care Mandate: The COVID-19 exemption for tax year 2020 has expired. If you have experienced a hardship during 2021, you may be able to apply for an exemption through HealthSource RI.