Hawaii HB753 amends the household and dependent care services tax credit to increase the percentage of employment-related expenses that can be.

Hawaii HB753 amends the household and dependent care services tax credit to increase the percentage of employment-related expenses that can be claimed. The bill adjusts the applicable percentage based on the taxpayer's adjusted gross income, with a maximum percentage of 25%. It also increases the maximum dollar limit on the amount creditable from $10,000 to $20,000 for two or more qualifying individuals. The bill includes definitions for qualifying individuals and employment-related expenses, and it specifies that the credit is not allowed for certain payments to related individuals.

Hawaii HB753 amends the household and dependent care services tax credit to increase the percentage of employment-related expenses that can be.

Hawaii HB753 amends the household and dependent care services tax credit to increase the percentage of employment-related expenses that can be claimed. The bill adjusts the applicable percentage based on the taxpayer's adjusted gross income, with a maximum percentage of 25%. It also increases the maximum dollar limit on the amount creditable from $10,000 to $20,000 for two or more qualifying individuals. The bill includes definitions for qualifying individuals and employment-related expenses, and it specifies that the credit is not allowed for certain payments to related individuals.