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.
Mike Stenhouse, CEO of the Rhode Island Center for Freedom and Prosperity, joins us on Bonus Q+A to talk about the center's mission, its proposal to eliminate the sales tax, its report card on Rhode Island's competitiveness, and other issues.
Mike Stenhouse, CEO of the Rhode Island Center for Freedom and Prosperity, joins the Roundtable this week to discuss his center's sales tax elimination plan; the debate over high-stakes testing, Woonsocket's reliance on Food Stamps, and the outlook for the 2013 Red Sox.