The state of Rhode Island has made the following tax law changes for tax year 2023:
Standard Deduction
The new standard deduction amounts for 2023 are as follows:
- Single- $10,000
- Married Filing Joint: $20,050
- Surviving Spouse: $20,050
- Married Filing Separate: $10,025
- Head of Household: $15,050
Exemption Amount
The Rhode Island personal exemption increased to $4,700 for the 2023 tax season.
Income Tax Brackets
All filing status types:
- $0 - $73,450 Multiplication amount is 3.75%
- $73,450 - $166,950 Multiplication amount is 4.75%
- Over $166,950 Multiplication amount is 5.99%