Rhode Island

EARNED INCOME TAX CREDIT (EITC)

Rate (Fully-Refundable): 15% of the federal credit1

Eligibility Requirements: All Rhode Island taxpayers who qualify for the federal credit are automatically eligible.

Latest Legislative Action: In June of 2016, Gov. Gina Raimondo signed off on a new $8.9 million state budget that included an increase in the state’s EITC from 12.5% to 15% of the federal credit. The expansion marks the second year in a row that the legislature improved the state credit, which was reduced from 25% to 10% in 2014.

CHILD TAX CREDIT (CTC)

Rhode Island does not currently offer a state-level CTC.

Latest Legislative Action: On June 27, 2022, Gov. Dan McKee passed a one-time child tax rebate as part of the FY2023 state budget. The Rhode Island Child Tax Rebate was issued to eligible families in October 2022 and valued at $250 per child for up to three children per household.2

CHILD AND DEPENDENT CARE TAX CREDIT (CDCTC)

Rate (Non-Refundable):2 25% of federal CDCTC or up to $525

Eligibility: All Rhode Island taxpayers who qualify for the federal credit are automatically eligible.

Source:

  1. Rhode Island EITC Increase Signed Into Law, Tax Credits for Working Families
  2. 2022 Child Tax Rebates, The Executive Office of Healthy and Human Services, State of Rhode Island
  3. 2015 Form RI-1040, Rhode Island Department of Revenue

For More State Information

Weayonnoh Nelson-Davies, J.D., Executive Director
The Economic Progress Institute

www.economicprogressri.org
(401) 456-8512
wnelsondavies@economicprogressri.org