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.