Mortgage Interest Deduction in Rhode Island
State income tax rate
5.99%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Rhode Island conforms to federal itemized deductions with a top rate of 5.99%. Mortgage interest is deductible on state returns.
Combined Federal + Rhode Island Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Rhode Island (5.99% rate): $1,078
- Total estimated savings: $5,038
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.