Rhode Island Tax Div. Releases Draft Instructions for Form RI-1040, Resident Individual Income Tax Return

The Rhode Island Division of Taxation (Tax Div.) Nov. 29 issued draft 2020 instructions for Form RI-1040, Resident Individual Income Tax Return. The draft instructions include information on: 1) what’s new for tax year 2020; 2) the individual health care mandate, effective Jan. 1; 3) who is required to file the form and how to complete it; 4) the Internal Revenue Code Section 179 depreciation deduction; and 5) a filing due date of April 15, 2021. The Tax Div. also provides information on individual use tax and the items subject to sales and use tax. [R.I. Div. of Tax’n, Form ...