Drake Tax – 2024 Form Availability and Tax Changes: Rhode Island

Article #: 20041

Last Updated: March 26, 2025

 

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Supported Forms

The following Rhode Island forms are supported in Drake Tax 2024. RI forms cannot be e-signed.

Note  Dates shown below are estimates based on the most up-to-date information currently available to Drake Software.

We are committed to meeting or exceeding the delivery dates listed; however, there may be additional factors that could impact the final date. The chart will be updated as new information becomes available.

Chart key:

t Form is supported in the indicated return type.

P Form is available for e-file / paper file.

r Form is not supported for e-file / paper file.

MM/DD Estimated availability date. Note that the date may differ for e-file vs. paper-file, and in some cases, e-filing may be approved before paper-filing or vice versa.

See Drake Tax - Do Not Mail Watermarks, Banners, EF Message 0001, Note 129 for more information about the notes, EF Messages, or watermarks that are generated during the approval process.

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Form Description IND CRP SCRP PTR FID EST e-File Paper File
BUS-EST Business Tax Estimated Payment Form   t t t     r P
BUS-EXT Business Tax Automatic Extension Request   t t t     P P
BUS-V Business Tax Payment Voucher Form   t t t t   r P
IND-HEALTH Individual Health Insurance Mandate Form t           P P
K-1 Taxpayer’s Share of Income, Deductions, Credits, etc.     t t     P P
Modification Worksheet Taxable Social Security Income Worksheet t           P P
Q-Sub Schedule (RI-1120S) Qualified S Subchapter Subsidiaries Listing     t       P 03/29
RI-1040 Resident Individual Income Tax Return t           P P
RI-1040C Composite Income Tax Return     t t t   r P
RI-1040C-ES Composite Income Tax Estimated Payment     t t t   r P
RI-1040C-NE Nonresident Income Tax Agreement/Election to be Included in a Composite Return     t t t   r P
RI-1040C-V Composite Income Tax Return Payment     t t t   r P
RI-1040ES Estimated Payment Coupon t           r P
RI-1040H Property Tax Relief Claim t           P P
RI-1040MU Credit for Income Taxes Paid to Multiple States t           P P
RI-1040NR Nonresident Individual Income Tax Return t           P P
RI-1040NR-MU Credit for Income Taxes Paid to Multiple States (Nonresident) t           P P
RI-1040V Rhode Island Return Payment Voucher t           r P
RI-1041 Fiduciary Income Tax Return         t   P P
RI-1041ES Fiduciary Income Tax Estimated Payment         t   r P
RI-1041V Fiduciary Income Tax Return Payment         t   r P
RI-1065 Partnership Income Return       t     P 03/29
RI-1120C Business Corporation Tax Return   t         P P
RI-1120S Subchapter S Business Corporation Tax Return     t       P 03/29
RI-1310 Statement of Claimant to Refund Due Deceased Taxpayer t           P P
RI-2210 Underpayment of Estimated Tax by Individuals, Estates t       t   P P
RI-2210A Underpayment of Estimated Tax by Individuals t           P P
RI-2220 Underpayment of Estimated Tax by Corporate Filers   t         P P
RI-2441 Adult and Child Day Care Assistance and Development Tax Credit   t         P P
RI-2848 Power of Attorney t t t t t   r P
RI-2874 Employer's Apprenticeship Credit   t         P P
RI-3468 Investment Tax Credit   t         P P
RI4562 Depreciation and Amortization t t t t t   r P
RI-4868 Application for Automatic Extension of Time to File a Rhode Island Individual Income Tax Return t           P P
RI-4868C Composite Income Tax Return Extension Payment     t t t   r P
RI-5009 Educational Assistance & Development   t         r P
RI-6238 Residential Lead Abatement Income Tax Credit t           P P
RI-6324 Employer’s Adult Education Credit   t         P P
RI-706 Estate Tax Return, Date of Death on or After 1/1/2015           t r P
RI-7695E Research & Development Expense Credit   t         r P
RI-8736 Fiduciary Income Tax Return Extension Payment         t   03/29 P
RI-8826 Disabled Access Credit   t         P P
RI-9261 Jobs Development Act (JDA) Rate Reduction   t         P P
RI-PTE Pass-Through Entity Election Tax Return     t t t   r 03/29
Schedule B-CR Business Entity Credit Schedule   t         P P
Schedule CR (RI-1040/RI-1040NR) Other Rhode Island Credits t           P P
Schedule CR (RI-1041) Other Rhode Island Credits         t   P P
Schedule CR-PT Other Rhode Island Credits for RI-1065 and RI-1120S     t t     P P
Schedule E (RI-1040/RI-1040NR) Exemption Schedule t           P P
Schedule II (RI-1040NR) Full-Year Nonresident Tax Calculation t           P P
Schedule III (RI-1040NR) Part-Year Resident Tax Calculation t           P P
Schedule K-1 (RI-1041) Beneficiary’s Share of Income, Deductions, Credits, etc.         t   P P
Schedule M Modifications to Federal AGI t           P P
Schedule M (RI-1041) Modifications to Federal Total Income         t   P P
Schedule PTW Pass-Through Withholding Transmittal Schedule     t t t   P 03/29
Schedule S (RI-1120S) Excess Net Passive Income Tax Calculation     t       r P
Schedule U (RI-1040/RI-1040NR) Individual Consumer’s Use Tax t           P P
Schedule W (RI-1040/RI-1040NR) W-2 and 1099 Information t           P P
Schedule W (RI-1041) W-2 and 1099 Information         t   P P
Shared Responsibility Worksheet Individual Health Insurance Mandate Penalty Calculation t           P P
T-77 Discharge of Estate Tax Lien         t   r P
T-79 Application for Estate Tax Waiver         t   r P
TX-16 Claim for Refund of Temporary Disability Insurance Tax t           r P

Modified Forms

  • Form RI-1040H, Property Tax Relief Claim – Updated the following thresholds:

    • Part 1, line E – $37,870 to $39,275

    • Part 3, line 6 – $650 to $675

    • Part 4, line 12 – $650 to $675

  • Schedule CR, Other Rhode Island Credits – Added “Low Income Housing Tax Credits”

  • Schedule K-1, Taxpayer’s Share of Income, Deductions, Credits, Etc. – Modified

  • Schedule M, Modifications to Federal AGI – Added modification for taxpayers receiving military service pensions

Obsolete Form

Form RI-1099E has been discontinued.

Tax Law Changes

  • Standard deduction amounts have been adjusted as follows:

    • Single – $10,550

    • Married Filing Joint – $21,150

    • Qualifying Widow(er) – $20,050

    • Married Filing Separate – $10,525

    • Head of Household – $15,850

  • The personal exemption amount has been increased to $4,950.

  • Income tax brackets have been updated.

  • The standard deduction and exemption phaseout amount has been increased to $246,450.

  • Federal AGI amounts for the Social Security modification have been adjusted.

  • Federal AGI amounts for the pension and annuity modification have been adjusted.

  • Use tax tables have been updated.