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Hawaii
Taxes on Business Income in Hawaii
Tutorial
Personal Income Tax in HawaiiApril 13, 2006
Hawaii imposes a personal income tax on your adjusted gross income. If you are operating your business as an S corporation, partnership, limited liability company (LLC), or sole proprietorship, you may be subject to personal income tax rates on your business income that is not taxed at the corporate level, but instead passes through to you. The following tax rates apply to those filing as singles or married taxpayers filing separately:
For married taxpayers filing jointly, the same rates as for singles apply, except that the income thresholds double for each rate. For those filing as heads of households, the rates range between 1.4 percent of the first $3,000 of taxable income and 8.25 percent of taxable income over $60,000. |
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