How to Calculate 2020 Rhode Island State Income Tax by Using State Income Tax Table
1. Find your income exemptions
2. Find your pretax deductions, including 401K, flexible account contributions ...
3. Find your gross income
4. Check the 2020 Rhode Island state tax rate and the rules to calculate state income tax
5. Calculate your state income tax step by step
6. If you want to simplify payroll tax calculations, you can download
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Tax rate used in calculating Rhode Island state tax for year 2020
State Abbreviation:
RI
State Tax Withholding State Code:
44
Acceptable Exemption Form:
None
Basis For Withholding:
Federal Exemptions
Acceptable Exemption Data:
None
TSP Deferred:
Yes
Special Coding:
None
Additional Information:
A state tax certificate is not required since Federal exemptions are used in the computation of the state formula.
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Withholding Formula >(Rhode Island Effective 2020)<
Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.
Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
Multiply the adjusted gross biweekly wages times 26 to obtain the gross annual wages.
Determine the exemption allowance by applying the following guideline and subtract this amount from the gross annual wages to compute taxable income:
Exemption Allowance = >$1,000< x Number of Exemptions
However, if Annual wages are more than $231,500, Exemption is $0
Apply the taxable income computed in step 5 to the following table to determine the annual Rhode Island tax withholding:
Tax Withholding Table
For All Filing Type
If the Amount of
Taxable Income Is:
The Amount of Rhode Island
Tax Withholding Should Be:
Over:
But Not
Over:
Of Excess
Over:
$ 0
$ 65,250
$ 0.00
plus
3.75%
$ 0
65,250
>148,350
2,446.88
plus
4.75%
65,250
148,350<
and over
6,394.13
plus
5.99%
148,350<
Divide the annual Rhode Island tax withholding by 26 to obtain the biweekly Rhode Island tax withholding.
More Payroll Information for Rhode Island Small Business
in house payroll tax solution for Rhode Island small businesses here.
