4. Subtract line 4 from line 2 If the result is more than $26,800, STOP HERE. Your standard deduction amount is zero ($0). Enter $0 on form RI-1040 or RI-1040NR, Page 1, line 4. 5. Enter the applicable percentage from the chart below 7. _ . _ _ _ _ $233,750 If the number on line 6 is: then enter on line 7 } 1 0.8000 2 0.6000 3 0.4000 4 0.2000 Standard deduction phaseout amount ...................................................................................... 0 Single Married filing jointly Qualifying widow(er) Married filing separately Head of household Multiply $4,700 by the total number of exemptions ........................................................................................................... 1. 1. 4. Subtract line 4 from line 2. If the result is more than $26,800, STOP HERE. Your exemption amount is zero ($0). Enter $0 on form RI-1040 or RI-1040NR, Page 1, line 6. 5. Enter the applicable percentage from the chart below 7. _ . _ _ _ _ $233,750 If the number on line 6 is: then enter on line 7 } 1 0.8000 2 0.6000 3 0.4000 4 0.2000 Exemption phaseout amount ..................................................................................................... 0 Is the amount on line 2 more than $233,750? 3. No. STOP HERE! Enter the amount from line 1 on form RI-1040 or RI-1040NR, Page 1, line 6. Yes. Continue to line 4. Enter your modified federal AGI from RI-1040 or RI-1040NR, page 1, line 3............................ 2. 2. 4. Divide line 5 by $6,700. If the result is not a whole number, increase it to the next higher whole number (for example, increase 0.0004 to 1).................................................................... 6. 6. 5. Exemption amount. Multiply line 1 by line 7. Enter here and on form RI-1040 or RI-1040NR, Page 1, line 6 ............ 8. 8. 7. $10,000 $20,050 $20,050 $10,025 $15,050 EXEMPTION WORKSHEET for RI-1040 or RI-1040NR, Page 1, line 6 RHODE ISLAND TAX RATE SCHEDULE AND WORKSHEETS 2023 STANDARD DEDUCTION WORKSHEET for RI-1040 or RI-1040NR, Page 1, line 4 Is the amount on line 2 more than $233,750? 3. No. STOP HERE! Enter the amount from line 1 on form RI-1040 or RI-1040NR, Page 1, line 4. Yes. Continue to line 4. Enter applicable standard deduction amount from the chart below: ................................................................................. Enter your modified federal AGI from RI-1040 or RI-1040NR, page 1, line 3............................ 2. 2. 4. Divide line 5 by $6,700 If the result is not a whole number, increase it to the next higher whole number (for example, increase 0.0004 to 1).................................................................... 6. 6. 5. 1. 1. Deduction amount. Multiply line 1 by line 7. Enter here and on form RI-1040 or RI-1040NR, Page 1, line 4 ............. 8. 8. 7. 2023 Tax Rate Schedule - FOR ALL FILING STATUS TYPES Taxable Income (from RI-1040 or RI-1040NR, line 7) Over 0 77,450 But not over Pay --- of the amount over 2,904.38 3.75% 4.75% on excess 0 % 77,450 176,050 77,450 $ $ $ $ + + 176,050 7,587.88 5.99% .......... 176,050 + DRAFT 11/03/2023