SB879

Establishes a refundable family caregiver tax credit for eligible taxpayers in Hawaii.

This bill creates a refundable family caregiver tax credit for eligible taxpayers in Hawaii. Eligible taxpayers can claim the credit for uncompensated expenses related to the care of a care recipient, up to a maximum of $5,000 per taxable year. The credit is intended to support family caregivers who provide unpaid long-term care services, recognizing the significant contributions and challenges they face. The Department of Taxation will prepare necessary forms and may require information to validate claims. The credit will apply to taxable years beginning after December 31, 2024.