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Hawaii Other Subtractions

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Hawaii Other Subtractions

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Other Hawaii Subtractions From Federal AGI

This line is used to report other items that are taxed by the federal government but are not taxed by Hawaii, such as:

• Interest on federal obligations, including U.S. Savings Bonds.

• Differences in the taxable portion of the Hawaii tax refund.

• Interest earned on an Individual Housing Account.

• Compensation earned by patients with Hansen’s disease.

• Expenses not allowed on your federal return because they were connected with federal credits.

• Unearned income of children that you included in your federal return, if the children are filing Hawaii returns.

• Benefits from or premiums paid to legal services plans.

• Differences in the deduction for student loan interest.

• Differences in the taxable portion of employer-provided adoption benefits.

• Certain income from a qualified high technology business.

• Contributions to and interest earned by an individual development account.

• Section 235-7(a)(14), HRS, capital gain. • Undistributed income earned by certain foreign corporations.

• Other adjustments.

 


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Article Details
Views: 1279 Created on: Jun 15, 2013
Date updated: Aug 11, 2015
Posted in: STATES, Hawaii

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