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.