That's not quite how the RI law is phrased:
"July 5, 2016: Rhode Island’s 2017 fiscal year budget,
which took effect on July 1, 2016, includes a new tax exemption for qualified
retirees.
The first $15,000 of retirement income will be exempt from state personal
income tax for retirees who have reached full social security retirement age
and have a gross income of $80,000 or less for single filers, or
$100,000 in gross income for joint filers.
In the 2016 budget, the Rhode Island General Assembly passed a similar
initiative that provided a tax exemption only for Social Security benefits.
This year’s budget also includes an exemption for other types of retirement
income, including public and private pensions."
Please see the State of Rhode Island website.
That's not quite how the RI law is phrased:
"July 5, 2016: Rhode Island’s 2017 fiscal year budget,
which took effect on July 1, 2016, includes a new tax exemption for qualified
retirees.
The first $15,000 of retirement income will be exempt from state personal
income tax for retirees who have reached full social security retirement age
and have a gross income of $80,000 or less for single filers, or
$100,000 in gross income for joint filers.
In the 2016 budget, the Rhode Island General Assembly passed a similar
initiative that provided a tax exemption only for Social Security benefits.
This year’s budget also includes an exemption for other types of retirement
income, including public and private pensions."
Please see the State of Rhode Island website.
Have these numbers 80,000 and 100,000 been adjusted for inflation since 2016 ?
According to Rhode Island division of taxation the numbers 80,000 and 100,000 for social security have been adjusted for inflation. For tax year 2019 they are now 86,300 and 106,300 for social security and 84,300 an 104,300 for pensions and annuity’s. DOES TURBO TAX KNOW THIS????
@cyndy114 wrote:
According to Rhode Island division of taxation the numbers 80,000 and 100,000 for social security have been adjusted for inflation. For tax year 2019 they are now 86,300 and 106,300 for social security and 84,300 an 104,300 for pensions and annuity’s. DOES TURBO TAX KNOW THIS????
The answer to this post was from 3 years ago. The date on the message is the date the answer was transferred to this new forum.
The TurboTax state programs include ALL the current state tax codes for tax year 2019.