Below you will find the tax incentives for Hawaii

Deduction: TQ LTCI expenses are deductible only to the extent that the individual’s unreimbursed medical care expenses exceed 10% of the individual’s adjusted gross income (AGI); (7.5% for people age 65 and older through 2016). (Same as Federal LTCi Tax Incentive) See Hawaii Department of Taxation Announcement 2011-21

This information is based upon the tax laws in effect at the time of publication.

We do not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.