Hawaii HB183 amends the Earned Income Tax Credit to allow an additional credit for dependents under 18.

Hawaii HB183 modifies the Earned Income Tax Credit by allowing a qualifying individual taxpayer to claim an additional ten percent of the federal earned income tax credit for each dependent under the age of eighteen. The credit is calculated as forty percent of the federal earned income tax credit allowed under section 32 of the Internal Revenue Code. This amendment applies to taxable years beginning after December 31, 2024.

Hawaii HB183 amends the Earned Income Tax Credit to allow an additional credit for dependents under 18.

Hawaii HB183 modifies the Earned Income Tax Credit by allowing a qualifying individual taxpayer to claim an additional ten percent of the federal earned income tax credit for each dependent under the age of eighteen. The credit is calculated as forty percent of the federal earned income tax credit allowed under section 32 of the Internal Revenue Code. This amendment applies to taxable years beginning after December 31, 2024.