Rhode Island 1040 Estimated Tax Return with Instructions

1040 Estimated Tax Return with Instructions
2024 RI-1040ES_Layout 12024 RI-1040ES Rhode Island Resident and Nonresident Estimated Payment Coupons
WHEN AND WHERE TO MAKE ESTIMATES
12) Rebuild Rhode Island Tax Credit - RIGL §42-64.20
1st Estimate Due......................April 15, 2024
13) Stay Invested in RI Wavemaker Credit - RIGL §42-64.26
2nd Estimate Due.....................June 15, 2024
14) Historic Homeowner Assistance Act - RIGL §44-33.1
3rd Estimate Due.....................September 15, 2024
15) Low-Income Housing Tax Credits - RIGL §44-71
4th Estimate Due.....................January 15, 2025
You do not have to make your January 15, 2025 pay- CHARGE FOR UNDERPAYMENT OF INSTALLment if you file your 2024 return by February 15, 2025, MENTS OF ESTIMATED TAX
An interest charge is imposed for underpayment of
and pay the entire balance due with your return.
an installment of estimated tax. The Rhode Island
Mail to: RI Division of Taxation
income tax law follows similar provisions of the
One Capitol Hill
JOINT RETURNS
Internal Revenue Code with respect to exceptions.
Providence, RI 02908
Married individuals may make joint payments as if
they were one taxpayer, in which case the liability You may also file electronically using Taxation’s Portal Such charge on any unpaid installment shall be computed on the amount by which the actual paywith respect to the estimated tax shall be joint and Visit: https://taxportal.ri.gov
ments and credits applied to the tax are less than
several. No joint payments may be made if the mar80% of such installment at the time it is due. If it
ried individuals are separated under a decree of ALLOWABLE CREDITS
divorce or of separate maintenance. If joint pay- Only the following credits are allowed against Rhode appears there was an underpayment of any
installment of estimated tax, you may attach Form
ments are made, but the married individuals deter- Island personal income tax:
RI-2210 (if any of the exceptions apply) to your
mine their Rhode Island income taxes separately, 1) RI Earned Income Credit - RIGL §44-30-2.6(c)(2)(N)
Rhode Island income tax return explaining why an
the estimated tax, for such period, may be treated as 2) Property Tax Relief Credit - RIGL §44-33
the estimated tax of either individual, or may be 3) RI Residential Lead Abatement Credit - RIGL §44-30.3 additional charge should not be made.
4) Credit for Taxes Paid to Other States - RIGL §44-30-18 PENALTIES
divided between them, as they may elect.
5) Historic Structures Tax Credit - RIGL §44-33.2
The law imposes penalties and interest charges for
CHANGES IN INCOME
6) Historic Preservation Tax Credits 2013 - RIGL §44-33.6 failing to pay estimated tax due or for making false or
Even though on April 15, 2024 you do not expect 7) Motion Picture Production Tax Credit - RIGL §44-31.2
fraudulent statements.
your tax to be large enough to require making esti- 8) Musical and Theatrical Production Tax Credits OTHER QUESTIONS
mated payments, a change in income may require
RIGL §44-31.3
Further assistance may be obtained by calling the
you to make estimated payments later.
9) Child and Dependent Care Credit
Personal Income Tax Section at (401) 574-8829 and
10) Credits for Contributions to Scholarship
HOW TO ESTIMATE YOUR TAX FOR 2024
selecting option #3, or by visiting the Rhode Island
Organizations - RIGL §44-62
Your 2024 estimated income tax may be based upon 11) RI New Qualified Jobs Incentive - RIGL §44-48.3 Division of Taxation’s website at www.tax.ri.gov.
your 2023 income tax liability. If you wish to compute
2024 Tax Rate Schedule - FOR ALL FILING STATUS TYPES
your 2024 estimated income tax, use the enclosed
Taxable Income (line 4)
of the
%
estimated tax worksheet.
WHO MUST MAKE ESTIMATED PAYMENTS
Every resident and nonresident individual shall
make estimated Rhode Island personal income tax
payments if his or her estimated Rhode Island personal income tax can be reasonably expected to be
$250 or more in excess of any credits allowable
against his or her tax, whether or not he or she is
required to file a federal estimated tax for such year.

Over

CREDIT FOR INCOME TAX OVERPAYMENT
Your credit for income tax overpayment from your 2023
Rhode Island income tax return may be deducted from
the first installment of your 2024 estimated tax, and any
excess credit from succeeding installments.

RECORD OF ESTIMATED PAYMENTS
Payment
Number

Check
Number

0
77,450
176,050

But not over

77,450
176,050

..........

Date

Amount

Pay

on excess

--2,904.38

3.75%
4.75%

7,587.88

5.99%

C
2023 Overpayment
credit applied

amount over

77,450
176,050

D
Total amount paid and credited
(add column B and Column C)

1.
2.
3.
4.
Total
DETACH HERE AND MAIL WITH YOUR PAYMENT

2024 RI-1040ES

STATE OF RHODE ISLAND ESTIMATED PAYMENT COUPON
DIVISION OF TAXATION - ONE CAPITOL HILL - PROVIDENCE, RI 02908

23101599990101
YOUR SOCIAL SECURITY NUMBER

SPOUSE’S SOCIAL SECURITY NUMBER, IF JOINT PAYMENT

Return this coupon with check or money order
payable to: Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Please do not send cash with this coupon.

DUE DATE
JANUARY 15, 2025

NAME

ADDRESS

ITE

CITY, STATE & ZIP CODE

FILE ONLY IF YOU ARE MAKING A PAYMENT OF ESTIMATED TAX

1. ENTER
AMOUNT
DUE AND
PAID

PART 1 ESTIMATED RHODE ISLAND INCOME TAX WORKSHEET
1. Modified Federal AGI...................................................................................................................................................

Single
$10,550

2. Rhode Island Standard Deduction Amount from Deduction Worksheet below............................................................ 2.

Married
filing jointly
or
Qualifying
widow(er)
$21,150

4. Taxable income. Subtract lines 2 and 3 from line 1.................................................................................................... 4.

Married
filing
separately
$10,575
Head of
household
$15,850

3. Rhode Island Exemption Amount from Exemption Worksheet below.......................................................................... 3.

5. Figure your 2024 tax on the amount on line 4 using the 2024 Tax Rate Schedule located on the front....................

6. Enter your 2023 Rhode Island income tax................................................................................................................... 6.
7. Enter the SMALLER of lines 5 or 6............................................................................................................................. 7.
8. Estimated Rhode Island credits. See instructions on the front for allowable credits.................................................. 8.
9. Line 7 less line 8.......................................................................................................................................................... 9.
10. Rhode Island income tax withheld............................................................................................................................... 10.
11. Estimated Rhode Island income tax. Subtract line 10 from line 9.............................................................................. 11.
12. Enter amount of 2023 RI overpayment elected for credit towards your 1st quarter 2024 estimated tax.................... 12.
13. Amount of estimated payments to be paid. Subtract line 12 from line 11.................................................................. 13.
14. Divide line 13 by the number of installments to be made and enter here................................................................... 14.

EXEMPTION WORKSHEET

DEDUCTION WORKSHEET
15. Enter Standard Deduction Amount from left margin 15.

23. Multiply $4,950 by the total number of exemptions 23.

16. Is the amount on line 1 more than $246,450?

24. Is the amount on line 1 more than $246,450?

Yes. Continue to line 17.

Yes. Continue to line 25.

No. STOP HERE! Enter the amount from line 15 on line 2.

No. STOP HERE! Enter the amount from line 23 on line 3.

17. Enter your Modified Federal AGI from line 1

17.

18. Deduction Phaseout Amount

18.

$246,450

25. Enter your Modified Federal AGI from line 1

25.

26. Exemption Phaseout Amount

26.

$246,450

19. Subtract line 18 from line 17.
19.
If the result is more than $28,200, STOP HERE.
Your standard deduction amount is zero ($0). Enter $0 on line 2.

27. Subtract line 26 from line 25.
27
If the result is more than $28,200, STOP HERE.
Your exemption amount is zero ($0). Enter $0 on line 3.

20. Divide line 19 by $7,050. If the result is not a
whole number, increase it to the next higher whole
20.
number (for example, increase 0.0004 to 1).

28. Divide line 27 by $7,050. If the result is not a
whole number, increase it to the next higher whole
28.
number (for example, increase 0.0004 to 1).

21.Enter the applicable percentage from the chart below
If the number on line 20 is:
then enter on line 21
1
0.8000

29.Enter the applicable percentage from the chart below
If the number on line 28 is:
then enter on line 29
1
0.8000

0.6000

0.4000

0.2000

}

22.Deduction amount - Multiply line 15 by line 21.
Enter here and on line 2 .....................................

21.

22.

0.____
_

0.6000

0.4000

0.2000

}

29.

30.Exemption amount - Multiply line 23 by line 29.
30.
Enter here and on line 3 ......................................

0 .____
_

2024 RI-1040ES

STATE OF RHODE ISLAND ESTIMATED PAYMENT COUPON
DIVISION OF TAXATION - ONE CAPITOL HILL - PROVIDENCE, RI 02908

23101599990101

YOUR SOCIAL SECURITY NUMBER

SPOUSE’S SOCIAL SECURITY NUMBER, IF JOINT PAYMENT

Return this coupon with check or money order
payable to: Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Please do not send cash with this coupon.

NAME

DUE DATE
SEPTEMBER 15,
2024

ITE

ADDRESS

CITY, STATE & ZIP CODE

FILE ONLY IF YOU ARE MAKING A PAYMENT OF ESTIMATED TAX

1. ENTER
AMOUNT
DUE AND
PAID

DETACH HERE AND MAIL WITH YOUR PAYMENT

2024 RI-1040ES

STATE OF RHODE ISLAND ESTIMATED PAYMENT COUPON
DIVISION OF TAXATION - ONE CAPITOL HILL - PROVIDENCE, RI 02908

23101599990101

YOUR SOCIAL SECURITY NUMBER

SPOUSE’S SOCIAL SECURITY NUMBER, IF JOINT PAYMENT

Return this coupon with check or money order
payable to: Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Please do not send cash with this coupon.

NAME

DUE DATE
JUNE 15, 2024

ITE

ADDRESS

CITY, STATE & ZIP CODE

FILE ONLY IF YOU ARE MAKING A PAYMENT OF ESTIMATED TAX

1. ENTER
AMOUNT
DUE AND
PAID

DETACH HERE AND MAIL WITH YOUR PAYMENT

2024 RI-1040ES

STATE OF RHODE ISLAND ESTIMATED PAYMENT COUPON
DIVISION OF TAXATION - ONE CAPITOL HILL - PROVIDENCE, RI 02908

23101599990101

YOUR SOCIAL SECURITY NUMBER

SPOUSE’S SOCIAL SECURITY NUMBER, IF JOINT PAYMENT

Return this coupon with check or money order
payable to: Rhode Island Division of Taxation
One Capitol Hill
Providence, RI 02908
Please do not send cash with this coupon.

NAME

ADDRESS

CITY, STATE & ZIP CODE

FILE ONLY IF YOU ARE MAKING A PAYMENT OF ESTIMATED TAX

DUE DATE
APRIL 15, 2024

ITE
1. ENTER
AMOUNT
DUE AND
PAID

Extracted from PDF file 2024-rhode-island-form-1040es.pdf, last modified September 2023

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More about the Rhode Island Form 1040ES Individual Income Tax Estimated TY 2024

You must pay estimated income tax if you are self employed or do not pay sufficient tax withholding. Estimated tax payments must be sent to the Rhode Island Department of Revenue on a quarterly basis.

We last updated the 1040 Estimated Tax Return with Instructions in March 2024, so this is the latest version of Form 1040ES, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1040ES directly from TaxFormFinder. You can print other Rhode Island tax forms here.

eFile your Rhode Island tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Rhode Island and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

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Other Rhode Island Individual Income Tax Forms:

TaxFormFinder has an additional 78 Rhode Island income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Schedule W	Schedule W - Rhode Island W-2 and 1099 Information
Form 1040H	Property Tax Relief Claim Tax Credit
Form 1040NR-Schedule-II	Schedule II - Nonresident Tax Calculation Nonresident
Form 1040V	Resident/Nonresident Return Payment Voucher Voucher
Form 4868	Application for Automatic Extension Extension

Download all RI tax forms View all 79 Rhode Island Income Tax Forms

Form Sources:

Rhode Island usually releases forms for the current tax year between January and April. We last updated Rhode Island Form 1040ES from the Division of Taxation in March 2024.

Show Sources >

Form 1040ES is a Rhode Island Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Rhode Island Form 1040ES

We have a total of nine past-year versions of Form 1040ES in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2024 Form 1040ES

2024 RI-1040ES_Layout 1

2022 Form 1040ES

2022 RI-1040ES_Capitol_Layout 1

2021 Form 1040ES

2021 RI-1040ES_PObox_Layout 1

2019 Form 1040ES

2018 RI-1040ES_Layout 1

2018 Form 1040ES

2018 RI-1040ES_Layout 1

2017 Form 1040ES

2017 RI-1040ES_Layout 1

2015 Form 1040ES

2015 RI-1040ES_Layout 1

2015 1040 Estimated Tax Return with Instructions

2014 Form 1040ES

2015 RI-1040ES_Layout 1

2014 1040 Estimated Tax Return with Instructions

2013 Form 1040ES

2014 RI-1040ES_Layout 1

TaxFormFinder Disclaimer:

While we do our best to keep our list of Rhode Island Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

Rhode Island 1040 Estimated Tax Return with Instructions

1040 Estimated Tax Return with Instructions2024 RI-1040ES_Layout 1

More about the Rhode Island Form 1040ES Individual Income Tax Estimated TY 2024

eFile your Rhode Island tax return now

Other Rhode Island Individual Income Tax Forms:

Form Sources:

Historical Past-Year Versions of Rhode Island Form 1040ES

TaxFormFinder Disclaimer:

1040 Estimated Tax Return with Instructions
2024 RI-1040ES_Layout 1