Turbotax discount code hawaii tax7/2/2023 ![]() ![]() ![]() ![]() Differences in the taxable portion of the Hawaii tax refund.Interest on federal obligations, including U.S.You may subtract any income obtained from patents, copyrights, trade secrets, or stock options from your Hawaii taxable income if this income was reported for federal purposes. Check with your plan to see if it qualifies under Hawaii standards.Ĭertain Income from a Qualified High Technology Business If you or your employer contributed to a legal services plan and you reported these benefits as taxable on your federal return, you may be able to list them as a subtraction on your Hawaii return. You may subtract up to $3000 per exceptional tree for qualified expenses incurred to maintain an exceptional tree on you property. If you have qualified reimbursements that were not reported on your federal return, enter the subtraction on your Hawaii state return. Qualified bicycle commuting reimbursement to a patient affected with Hansen's Disease (leprosy). Hawaii does not tax compensation by Hawaii or the U.S. A married filing joint couple can deduct up to $10,000. You can subtract up to $5,000 from your gross income if you paid into a trust account that was established for saving for a down payment on your first principal residence. Payments to an Individual Housing Account Married persons filing a joint return may add the exclusion amount for both and enter that amount as a subtraction. If you qualify, enter the smaller of the two your earned income amount or the $7,345. The first $7,345 earned by any member of the Reserve, Army, Navy, Air Force, Marine Corp or Coast Guard, is not taxed by Hawaii. Military Reserve or Hawaii National Guard Below is a list of income that can be subtracted on your Hawaii return: ![]()
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