Hawaii SB2746 establishes an income tax credit for medical travel expenses for residents.

Hawaii SB2746 aims to alleviate financial burdens on residents by establishing an income tax credit for medical travel expenses. Qualified taxpayers can claim a credit for expenses such as airfare, lodging, and transportation incurred when traveling for medically necessary care not available in the state. The credit amount varies based on household income, with a maximum of $2,500 for single filers or married individuals filing separately, and $5,000 for joint filers. The Department of Business, Economic Development, and Tourism will oversee the certification and verification of expenses.

Hawaii SB2746 establishes an income tax credit for medical travel expenses for residents.

Hawaii SB2746 aims to alleviate financial burdens on residents by establishing an income tax credit for medical travel expenses. Qualified taxpayers can claim a credit for expenses such as airfare, lodging, and transportation incurred when traveling for medically necessary care not available in the state. The credit amount varies based on household income, with a maximum of $2,500 for single filers or married individuals filing separately, and $5,000 for joint filers. The Department of Business, Economic Development, and Tourism will oversee the certification and verification of expenses.