If a taxpayer contributes to a Rhode Island College Bound Saver plan they may be eligible for a subtraction from income on their Rhode Island tax return.
The maximum deduction is $5,000 ($10,000 if a joint return) regardless of the number of accounts.
To enter the deductible portion of the contributions in ProWeb, from the Rhode Island Return menu select:
- Subtractions from Income
- Tuition Savings Program Contributions
Additional Information:
Rhode Island State Tax Information
Rhode Island CollegeBound Saver Program
While TaxSlayer Pro strives to make the information and links contained on this page as timely and accurate as possible, TaxSlayer Pro makes no promise or guarantee about the timeliness, accuracy or completeness of the contents of this page. The information contained on this page is for general information and is not intended to be tax advice. The user is also encouraged to review the underlying state resources and publications.