Tax rate used in calculating Rhode Island state tax for year 2024
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.
|
Withholding Formula >(Rhode Island Effective 2024)<
- 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 $274,650, 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
|
$ 77,450
|
$ 0.00
|
plus
|
3.75%
|
$ 0
|
|
77,450
|
>176,050
|
2,904.38
|
plus
|
4.75%
|
77,450
|
|
176,050 <
|
and over
|
7,587.88
|
plus
|
5.99%
|
176,050 <
|
- 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
What is the cost of using ezPaycheck payroll software
Quick Start Guide for New Payroll Software Customers
How to start payroll in mid-year
How to handle tips in restaurants
How to handle the local taxes
How to print paycheck on blank stock
How to add a customized deduction and withhold it automatically
How to set up payroll tax options for church and non-profits
How to handle paychecks for both employees and contractors
How to file tax forms
How to enter the paychecks for after the fact payroll
|
in house payroll tax solution for Rhode Island small businesses here.
