Increases the income tax credit for low-income household renters in Hawaii from $50 to $100 per exemption.

Hawaii HB2444 aims to increase the income tax credit for low-income household renters from $50 to $100 per exemption claimed by the taxpayer. This change applies to taxpayers with an adjusted gross income of less than $30,000 who have paid more than $1,000 in rent during the taxable year. Additionally, taxpayers aged 65 or over can claim double the tax credit, and residents with no income or no taxable income can also claim the credit. The amendment takes effect for taxable years beginning after December 31, 2025.

Increases the income tax credit for low-income household renters in Hawaii from $50 to $100 per exemption.

Hawaii HB2444 aims to increase the income tax credit for low-income household renters from $50 to $100 per exemption claimed by the taxpayer. This change applies to taxpayers with an adjusted gross income of less than $30,000 who have paid more than $1,000 in rent during the taxable year. Additionally, taxpayers aged 65 or over can claim double the tax credit, and residents with no income or no taxable income can also claim the credit. The amendment takes effect for taxable years beginning after December 31, 2025.