Rhode Island · December 3, 2026 to February 15, 2027
Rhode Island tax amnesty: 75 days to settle old state taxes without the penalties
Who it affects: Anyone who owes Rhode Island state tax, or has not filed, for a period ending on or before December 31, 2025.
Rhode Island is running a tax amnesty from December 3, 2026 through February 15, 2027. If your application is approved, the state waives the penalties and reduces the interest by 25%. To qualify you must file every late return and pay the full tax plus 75% of the interest before the amnesty ends. It covers personal income tax, sales and use tax and corporate income tax, among others. The state says more details are coming.
What to do: If you have Rhode Island returns you never filed, this is the window. A prior-year return is $150.
Source: Rhode Island Division of Taxation, Summary of Legislative Changes, July 22, 2026
Rhode Island · Starts with tax year 2027
A new Rhode Island child tax credit: $330 per child
Who it affects: Rhode Island residents with a child age 18 or under.
Starting with tax year 2027, Rhode Island gives a refundable credit of $330 for each child claimed on your return. Refundable means you can receive it even if you owe no state tax. A child counts if they are 18 or under on December 31 of the tax year. The credit shrinks once adjusted gross income passes $88,500, or $110,640 for a married couple filing jointly.
Source: Rhode Island Division of Taxation, Summary of Legislative Changes, July 22, 2026
Rhode Island · Starts with tax year 2027
Rhode Island drops the age test for its Social Security subtraction
Who it affects: Rhode Islanders who collect Social Security before full retirement age.
Rhode Island lets qualifying taxpayers subtract their federally taxed Social Security benefits from their Rhode Island income. Through tax year 2026 you must have reached full retirement age and be under an income limit. For tax years starting January 1, 2027, the age requirement is gone. The income limit stays.
Source: Rhode Island Division of Taxation, Summary of Legislative Changes, July 22, 2026
Rhode Island · New law, 2026
Rhode Island cracks down on "ghost" tax preparers
Who it affects: Anyone who pays someone to prepare a tax return.
A ghost preparer is someone who is paid to prepare a return and does not put their name and preparer number on it. A new Rhode Island law prohibits it, sets penalties for preparers who mislead or defraud their clients, and lets the state publish a list of preparers whose privileges were revoked or suspended.
What to do: Whoever prepares your return should sign it. If they will not, find someone else.
Source: Rhode Island Division of Taxation, Summary of Legislative Changes, July 22, 2026
Rhode Island · Tax year 2025 and after
Rhode Island: up to $50,000 of pension and retirement-plan income can be subtracted
Who it affects: Retirees who have reached full retirement age and are under the state's income limit.
Starting with tax year 2025, qualifying Rhode Islanders can subtract up to $50,000 of taxable income from pensions, 401(k) and 403(b) plans and annuities from their Rhode Island income. It was $20,000 for 2023 and 2024. It applies to each person, so a married couple who both qualify can subtract up to $100,000.
Source: Rhode Island Division of Taxation, Publication 2026-01, Retirement Income Tax Guide
Federal · Tax years 2025 through 2028
A new $6,000 federal deduction for people 65 and older
Who it affects: Anyone age 65 or older.
People who are age 65 or older may claim an additional federal deduction of $6,000. It is on top of the additional standard deduction seniors already receive, and it is available whether or not you itemize. It is $6,000 per eligible person, so $12,000 for a married couple where both qualify. It phases out for modified adjusted gross income over $75,000, or $150,000 for joint filers. If you are married, you must file jointly to claim it.
Source: IRS Fact Sheet FS-2025-03, July 14, 2025
Federal · Tax years 2025 through 2028
No federal tax on tips and overtime, up to a limit
Who it affects: Workers who earn tips or overtime pay.
Employees and self-employed people may deduct qualified tips, up to $25,000 a year. People who receive qualified overtime pay may deduct up to $12,500, or $25,000 on a joint return. Both deductions phase out for modified adjusted gross income over $150,000, or $300,000 for joint filers.
What to do: Bring your W-2 and your final pay stub of the year.
Source: IRS Fact Sheet FS-2025-03, July 14, 2025
Federal · Tax years 2025 through 2028
A federal deduction for interest on a car loan
Who it affects: People who took a loan to buy a vehicle for personal use.
You may deduct up to $10,000 a year of interest on a loan used to buy a qualified vehicle for personal use. The vehicle's final assembly must have been in the United States, and used vehicles do not qualify. The deduction phases out for modified adjusted gross income over $100,000, or $200,000 for joint filers.
What to do: Bring the year-end statement from your lender.
Source: IRS Fact Sheet FS-2025-03, July 14, 2025
This page is general information, not tax advice for your situation. Each item was read at the official source on November 14, 2026.