Good news: Tax refunds on the way, says governor
Posted on Oct 3, 2022 in Capitol Connection, Featured, Main
Gov. Ige announces the distribution of tax refunds this fall.
Governor Ige has announced Hawai‘i taxpayers will be receiving either $300 or $100 tax refunds this fall, depending on their income levels. Checks will either be direct deposited into bank accounts or mailed to individuals through the U.S. postal service. Currently, about 600,000 taxpayers are scheduled to receive approximately $294 million in refunds, thanks to the dramatic rebound in the state’s economy.
• Taxpayers who earn less than $100,000 a year, or couples earning less than $200,00 a year will receive $300 each (including dependents, so a family of four would receive $1,200).
• Taxpayers who earn $100,000 or more, or couples earning $200,000 or more will receive $100 each (including dependents).
The idea of a refund was first proposed by the governor in his 2022 State of the State address to help families struggling in the wake of the pandemic. “We do know there are many challenges in these tough economic times,” said the governor. “This money will go directly into the pockets of Hawai‘i’s hard-working people.” The state Legislature enhanced the amount for moderate- and lower-income residents, in part to address rising costs of goods and services. Eligible taxpayers must file their 2021 tax returns by Dec. 31 of this year to qualify for the tax refund. For more details, go to https://tax.hawaii.gov/act-115-ref/.