Hawaii SB2863 establishes a tax credit for nonpaid family caregivers.

Hawaii SB2863 introduces a family caregiver tax credit for eligible taxpayers. This credit applies to those who provide care to a care recipient, incurring uncompensated expenses related to caregiving. The credit is nonrefundable and cannot reduce the taxpayer's net income tax liability below zero. Eligible taxpayers can claim up to $3,000 per taxable year, with married individuals filing separately limited to half the credit. The bill also mandates the Department of Taxation to report annually on long-term care services in the state. The credit is applicable to care recipients who are U.S.

Hawaii SB2863 establishes a tax credit for nonpaid family caregivers.

Hawaii SB2863 introduces a family caregiver tax credit for eligible taxpayers. This credit applies to those who provide care to a care recipient, incurring uncompensated expenses related to caregiving. The credit is nonrefundable and cannot reduce the taxpayer's net income tax liability below zero. Eligible taxpayers can claim up to $3,000 per taxable year, with married individuals filing separately limited to half the credit. The bill also mandates the Department of Taxation to report annually on long-term care services in the state. The credit is applicable to care recipients who are U.S.