Overview of Tax Rates in Rhode Island
Rhode Island has a 7.00 percent state sales tax rate and does not levy local sales taxes. Sales of food and food ingredients purchased for human consumption are exempt from sales tax. Twenty states and the District of Columbia authorize meals taxes. Sales of catering are subject to sales tax in Rhode Island.
To calculate income tax, rates range from 3.75 percent up to 5.99 percent. The highest marginal rate applies to taxpayers earning more than $148,350. Rhode Island ranks 10th highest for property tax rates in America. Cities and towns offer property tax credits to eligible homeowners. Retirees should check with where they live for available tax credits.
Taxation on Specific Goods and Services
Gasoline has a tax of $0.37 per gallon. Diesel also has a tax of $0.37 per gallon. Cigarettes are taxed in Rhode Island. Include deductions you are eligible for when determining taxes.
Sales Tax Rate and Exemptions
- Sales Tax Rate: Rhode Island has a 7 percent state sales tax rate.
- Exemptions: Sales of food and food ingredients purchased for human consumption are exempt.
- Property Tax Credits: Cities and towns offer property tax credits to eligible homeowners. Retirees are advised to check for available tax credits.
Specific Tax Information
- Gasoline has a tax of $0.37 per gallon.
- Diesel has a tax of $0.37 per gallon.
- Cigarettes are taxed.
- Income tax rates range from 3.75 percent up to 5.99 percent. The highest rate applies to taxpayers earning over $148,350.
- Rhode Island ranks 10th highest for property tax rates in America.