RI-1040C-ES: Composite Income Tax Estimated Payment (2024)
Rhode Island · RI Division of Taxation · Used for tax years 2024
Form RI-1040C-ES is used to calculate and make estimated Rhode Island composite income tax payments for 2024. It includes an estimated tax worksheet, a payment record, and a payment voucher.
When it's due
The form lists these estimated payment dates for tax year 2024:
- First quarter: April 15, 2024.
- Second quarter: June 15, 2024.
- Third quarter: September 15, 2024.
- Fourth quarter: January 15, 2025.
What you'll need
Have the following information ready to complete the voucher and worksheet:
- Federal employer identification number, name and mailing address.
- Fiscal year dates, if applicable.
- Expected 2024 federal taxable income and net modifications to that income.
- Rhode Island apportionment ratio.
- 2023 Rhode Island income tax.
- Rhode Island pass-through withholding.
- Any 2023 Rhode Island overpayment elected as a credit toward 2024 estimated tax.
- Payment amounts, dates and check numbers for the payment record.
How to file
The form states that Rhode Island has an electronic mandate for filing a return and remitting a payment. It directs filers to the Form RI-1040C instructions for the requirements and details on how to file and pay.
The printed mailing directions say to detach the voucher at the perforation and mail it with your payment to:
RI Division of Taxation
One Capitol Hill
Providence, RI 02908-5807
Enter the amount enclosed on voucher line 1. The worksheet directs you to transfer the amount from worksheet line 13 to that line.
Common mistakes
- Do not overlook the electronic filing and payment mandate. The form says to consult the Form RI-1040C instructions for its requirements.
- If mailing a payment, remember to detach the voucher at the perforation and include it with the payment.
- Fiscal year filers should enter their fiscal year dates in the spaces provided.
Questions people ask
What tax rate does the worksheet use?
The worksheet uses a composite income tax rate of 5.99%. It instructs you to multiply Rhode Island source income on line 5 by 0.0599.
Does the worksheet take my prior-year tax into account?
Yes. Enter your 2023 Rhode Island income tax on line 7. Line 8 asks for the smaller of the tax calculated on line 6 or the amount on line 7.
Can I apply a 2023 overpayment to my 2024 estimated tax?
The worksheet has a line for a 2023 Rhode Island overpayment elected as a credit toward 2024 estimated tax. If you want to spread the credit, it says to divide the credit by the number of installments.
Where do fiscal year filers enter their dates?
The voucher provides spaces for fiscal year dates labeled MM/DD/2024 through MM/DD/2025.