Rhode Island state tax basis is the Federal Adjusted Gross Income (AGI).
Interest/Divident Income: Interest and Divident income from U.S. government bonds are exempt from State Taxes.
Rent Income: Same as federal.
Capital Gain: The Capital Gains are treated similar to Federal Taxes for State Taxes.
Unemployment Income: Same as federal
Social Security Benefits: Same as federal
State Bond Interest: Taxable except Rhode Island obligations
Health Savings Accounts: Same as federal
Disability: Same as federal
Lottery: Same as federal
Federal Income Tax: Not deductible
Other Taxes: Deductions for new research and development facilities, investment in a certified venture capital partnership, certain performance-based compensation under Rhode Island Jobs Growth Act, contributions to and distributions from Rhode Island tuition savings program, and for writers, composers, and artists in certain economic development zones. No carry-back of net operating losses.
Check other state tax links below.