Rhode Island Publishes Interest Rate Change for 2018

Paul Ogawa
December 21, 2017

Rhode Island recently published the revised interest rates for delinquencies and overpayments for the year of 2018. These interest rates apply to delinquent tax payments, and tax overpayments made during the 2018 calendar year.

 

For 2018, the delinquent tax payment rate will remain at 18% per annum, as it was in 2017.

 

The interest rate for tax overpayments will increase in 2018, to 4.25% (previously at 3.50% in 2017).

 

To review these interest rates along with prior year rates, please click here.

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Author

Paul Ogawa

Paul Ogawa is a Senior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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