Hawaii Tax FAQs

• taxmOuth Hawaii Tax FAQs

Hawaii Tax Forms

• taxmOuth Hawaii Tax Forms

Hawaii Corporate Taxes

• taxmOuth Hawaii Corporate Taxes
• Hawaii Tax Rates & Brackets:
  
  4.4%> $0
  5.4%> $25,000
  6.4%> $100,000
  
• Loss Carry-back/fwd: 2 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Hawaii Tax Incentives and Credits

• taxmOuth Hawaii Tax Credits
• Job Credits?: Y
• R&D Credits?: N
• Investment Credits?: Y

Hawaii Individual Income Taxes

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• Hawaii tax rates and brackets:
  
  1.4%> $0
  3.2%> $2,400
  5.5%> $4,800
  6.4%> $9.600
  6.8%> $14,400
  7.2%> $19,200
  7.6%> $24,000
  7.9%> $36,000
  8.25%> $48,000
  9%> $150,000
  10%> $175,000
  11%> $200,000
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single $2,000 / Joint $4,000
• Personal Exemptions/Credits (c): Single $1,040 / Joint $2,080 / Dependent $1,040
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Hawaii Estate, Gift and Inheritance Taxes

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• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Hawaii Miscellaneous Taxes

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• Gas Tax: 32.6 cents/gallon
• Diesel Tax: 32.6 cents/gallon
• Cigarette Tax: 260.0 cents/20 pack

Hawaii Pass-through Tax Treatment

• taxmOuth Hawaii Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Hawaii Payroll Taxes

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• Unemployment Insurance Tax Index (TaxFoundation.org): #12

Hawaii Property Taxes

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• Median Tax Paid on Homes (Rank): $1,338 (#31)
• Median Value of Homes: $560,200
• Tax as % of Home Value (Rank): 0.24% (#49)
• Median Income of Homeowner: $82,794
• Tax as % of Income (Rank): 1.62% (#39)

Hawaii Sales and Use Taxes

• taxmOuth Hawaii Sales and Use Taxes
• State Rate: 4.0%
• County & City (Weighted Ave): 0.38%
• Combined State and Ave. Local Rates (Rank): 4.38% (#45)
• General Treatment of Services: Taxable
• Gasoline: Exempt
• Groceries: Taxable