The ancient cliché is that nothing in life is certain except death and taxes. RIPR political analyst Scott MacKay on why it’s time for Rhode Island lawmakers to make a serious study of our state’s tax structure.
With Rhode Island’s economic recovery still trailing our New England neighbors, there is no better time for the General Assembly to launch a measured study of the way we levy the taxes that pay for roads, schools and social services.
Monday is the deadline for filing state and federal income taxes.
The Rhode Island Division of Taxation says state returns are coming in slightly slower than last year because of last minute changes to the federal tax code. As of last week, 75 percent of Rhode Islanders had filed. That’s down about three percent from last year. However, refunds are up three percent to an average of $530.
Neil Downing, a chief revenue agent for the state Division of Taxation, said people who file late pay significant penalties.
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Officials with the Rhode Island Division of Taxation say it should be a little easier to track the progress of your income tax refund this year.
The “Where’s my refund” tool on the division’s website is being upgraded to give taxpayers more detailed information on why the refund is held up. In the past it often said ‘held for review’ – sometimes for weeks.
Neil Downing, a chief revenue agent, says it’s part of the division’s ongoing efforts to improve customer service.