The State of Rhode Island’s Division of Taxation recently published updated interest rates for calendar year 2021. These rates apply to delinquent taxes due to the state and overpayments made to the state.
For calendar year 2021, the interest rate for delinquent taxes remains the same at 18% per annum, while the interest rate on overpayments has been reduced to 3.25% (down from 5% in 2020).
To review the new rates for 2021 along with the historical rates for prior years, please click here to visit the Division of Taxation’s website.
