Rhode Island S2366 allows a $25,000 modification to federal adjusted gross income for social security income starting from tax years beginning on or.

Rhode Island S2366 amends the state's personal income tax law to allow a modification to federal adjusted gross income of $25,000 for social security income. This modification applies to tax years beginning on or after January 1, 2026. The bill adjusts the state's tax code to account for this change, ensuring that taxpayers can subtract this amount from their federal adjusted gross income when calculating their Rhode Island taxable income. This act takes effect upon passage.

Rhode Island S2366 allows a $25,000 modification to federal adjusted gross income for social security income starting from tax years beginning on or.

Rhode Island S2366 amends the state's personal income tax law to allow a modification to federal adjusted gross income of $25,000 for social security income. This modification applies to tax years beginning on or after January 1, 2026. The bill adjusts the state's tax code to account for this change, ensuring that taxpayers can subtract this amount from their federal adjusted gross income when calculating their Rhode Island taxable income. This act takes effect upon passage.