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  • Form N 172 2020

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Generally, a Hawaii individual income tax return must be filed with the Department of Taxation for each year in which an individual has gross income that exceeds the amount of his or her personal exemptions and standard deduction.

Hawaii taxes capital gains at a lower rate than ordinary income. The highest rate reaches 7.25%. Taxes capital gains as income and the rate reaches 8.53%.

Hawaii will tax you on all your worldwide income if you are domiciled in the state, even though you may not be a resident there. Simply leaving the state and establishing residence elsewhere is not enough to change your domicile.

The state of Hawaii requires you to pay taxes if you are a resident or nonresident and receive income from a Hawaii source. The state income tax rates range from 1.4% to 11%, and the Aloha State doesn't charge sales tax.

The Hawaii capital gains tax on real estate is 7.25% of the gain plus depreciation.

BLIND, DEAF OR TOTALLY DISABLED If you have impaired sight, hearing or are totally disabled, you may file a claim on Form 19-75 for a $50,000 real property tax exemption on properties you own in the County of Hawaii. This claim is in addition to the regular home exemptions.

The penalty for failure to file a return on time is calculated at 5% per month, or part of a month, on the unpaid tax up to a maximum of 25%.

Investments like real estate, art or stocks and bonds. Currently, they're taxed at a lower maximum rate of 7.5% than your average income in Hawaii at 11%. A new bill in the state legislature is looking to tax these investments like any other wage.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232