Hawaii HB853 establishes a tax credit for family caregivers who provide unpaid long-term care services.

Hawaii HB853 introduces a tax credit for family caregivers who provide unpaid long-term care services. The credit is available to eligible taxpayers who have a federal adjusted gross income of $75,000 or less, or $125,000 if filing a joint tax return. Eligible taxpayers must have undertaken the care, custody, or physical assistance of a care recipient. The credit can be claimed for expenses related to the care of the recipient, such as home improvements, equipment, and transportation. The credit is refundable and can be claimed for each taxable year the taxpayer provides care.

Hawaii HB853 establishes a tax credit for family caregivers who provide unpaid long-term care services.

Hawaii HB853 introduces a tax credit for family caregivers who provide unpaid long-term care services. The credit is available to eligible taxpayers who have a federal adjusted gross income of $75,000 or less, or $125,000 if filing a joint tax return. Eligible taxpayers must have undertaken the care, custody, or physical assistance of a care recipient. The credit can be claimed for expenses related to the care of the recipient, such as home improvements, equipment, and transportation. The credit is refundable and can be claimed for each taxable year the taxpayer provides care.