Hawaii has made the following changes to tax law for the 2023 tax year:
Changes to Credits
The following credits have been updated for 2023:
- The Household and Dependent Care Tax Credit has been increased
- The Earned Income Tax Credit has been increased.
- The income thresholds and credit amounts have been increased for the Refundable food/Excise Tax Credit.
Changes to Exclusions
- Taxpayers may exclude up to $7,683 of their military reserve or Hawaii National Guard duty pay from their income, effective for taxable years beginning after December 31, 2022.
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