Retirement income in Rhode Island
Varies
Does Rhode Island Tax Retirement Income?
Short answer: Partly. Taxpayers who have reached full Social Security retirement age may exclude up to $50,000 per person of pensions, 401(k), 403(b), annuities, and government pensions, if federal AGI is at or below $107,000 single / $133,500 joint (2025 thresholds). IRA distributions do not qualify. The income thresholds are indexed annually;.
Government pensions: Government pensions share the same $50,000 exclusion. Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Retirement income in Rhode Island
Varies
Individuals / Personal Taxes
Partly. Taxpayers who have reached full Social Security retirement age may exclude up to $50,000 per person of pensions, 401(k), 403(b), annuities, and government pensions, if federal AGI is at or below $107,000 single / $133,500 joint (2025 thresholds). IRA distributions do not qualify. The income thresholds are indexed annually;.
Business justification
Partly. Taxpayers who have reached full Social Security retirement age may exclude up to $50,000 per person of pensions, 401(k), 403(b), annuities, and government pensions, if federal AGI is at or below $107,000 single / $133,500 joint (2025 thresholds). IRA distributions do not qualify. The income thresholds are indexed annually;. Government pensions: Government pensions share the same $50,000 exclusion. Pensions, traditional IRA and 401(k) withdrawals are taxable federally either way; Roth withdrawals after 59½ (5-year rule met) are tax-free.
Category
- Personal Tax Deductions