Hawaii SB1013 amends the Earned Income Tax Credit to allow an additional credit for dependents under 18 and specifies credit claims for separated.

Hawaii SB1013 modifies the Earned Income Tax Credit (EITC) by allowing a qualifying individual taxpayer to claim a refundable credit equal to 40% of the federal EITC. It also permits an additional 10% credit for each dependent under 18. The bill specifies that spouses filing separately must claim only the credit they would have received had they filed jointly. This amendment applies to taxable years beginning after December 31, 2024.

Hawaii SB1013 amends the Earned Income Tax Credit to allow an additional credit for dependents under 18 and specifies credit claims for separated.

Hawaii SB1013 modifies the Earned Income Tax Credit (EITC) by allowing a qualifying individual taxpayer to claim a refundable credit equal to 40% of the federal EITC. It also permits an additional 10% credit for each dependent under 18. The bill specifies that spouses filing separately must claim only the credit they would have received had they filed jointly. This amendment applies to taxable years beginning after December 31, 2024.