Hawaii HB753 amends the household and dependent care services tax credit to increase the percentage of expenses that can be claimed.
Hawaii HB753 modifies the household and dependent care services tax credit to increase the percentage of employment-related expenses that taxpayers can claim. The bill aims to address the rising cost of child care in Hawaii, which currently exceeds $13,000 per year for working families. By increasing the applicable percentage of expenses that can be claimed, the bill seeks to provide greater financial relief to working families.
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