Rhode Island Updates Interest Rates for 2021

Paul Ogawa
November 24, 2020

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.

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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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