Hawaii Income Tax Calculator

Each state’s tax code is complex because it involves several variables that affect your payments. Knowing the basics is the first step in understanding Hawaii’s tax system. In this article, you’ll find the Hawaii Income Tax Calculator and the variables that affect your income. 

Hawaii ranks 51st in the USA in terms of average tax per capita. If you live in Hawaii and want to calculate your individual income tax amount, you can easily use TaxUni’s Hawaii Income Tax Calculator. Because in Hawaii, there is a tax system based on a progressive income tax and relatively low property taxes.

The most significant tax in Hawaii is the personal income tax. Income earners living on the Hawaiian Islands pay tax rates between 1.40% and 11%, depending on their income level. But, the most updated Hawaii individual income tax rate is 5.5%.

Let’s examine how you are going to calculate your income without using our Hawaii Income Tax Calculator.

Let’s say you make $55,000 a year and you live in Hawaii, USA. As an individual, you will be charged federal and state income taxes. That means that your net pay will be $41,883 per year or $3,490 per month. Your average tax rate is 23.9%, and your marginal tax rate is 38.1%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed as $38.05. Hence, your net pay will only increase by $61.95.

The taxes are usually collected in areas that concern corporations. We can list the major taxes collected in Hawaii as follows:

Hawaii Sales Tax

Hawaii Sales Tax is a kind of tax that Hawaii does not have.

Hawaii General Excise Tax

Hawaii General Excise Tax is a kind of tax that is assessed on all business activities. The tax rate ranges from 0.15% for insurance commission, 0.5% for wholesaling, manufacturing, Producing, wholesale services, and use tax on imports for resale, and 4% for all others.

Hawaii State Tax

Hawaii States Tax is a kind of tax that ranges from a 4.00 percent state sales tax rate to a 0.50 percent max local sales tax rate and an average combined state and local sales tax rate of 4.44 percent.

Hawaii Individual Tax

As we mentioned before, in Hawaii, there is a graduated individual tax with rates ranging from 1,40% to 11%.

Hawaii Property Tax

The state of Hawaii has the lowest property tax rate in the nation at 0.28%. Despite this, the median annual tax payment in the state is $1,871, which is much higher. This is because Hawaii has the highest median home value in the U.S. at $669,200.

Income Tax Calculator TaxUni 2024

Below, you can easily calculate your income tax by using the following Hawaii Income Tax Calculator. But don’t forget that the following calculator just gives you an idea, it may not give you the precise results. To learn your actual income tax, please get advice from professionals.