As of March 2025, Hawaii residents are inquiring about the possibility of receiving stimulus checks this year. Currently, there are no official announcements regarding new state-issued stimulus payments for Hawaii residents in 2025. However, residents can benefit from existing state tax credits designed to provide financial relief.
Hawaii State Tax Credits
Hawaii offers several tax credits that can effectively reduce tax liabilities or result in refunds:
- Earned Income Tax Credit (EITC): This credit is available to working individuals and families with low to moderate income. For the 2024 tax year, eligible residents can receive up to 40% of the federal EITC amount. To qualify, you must meet specific income thresholds and other criteria.
- Child and Dependent Care Tax Credit (CDCTC): This credit assists taxpayers who incur expenses for the care of qualifying individuals, such as children under 13 or dependents incapable of self-care, to enable them to work or seek employment. The state credit can be up to $3,000, depending on income and qualifying expenses.
- Food/Excise Tax Credit: Designed to offset the general excise tax paid on food by low-income residents, this credit provides up to $220 per exemption, depending on income and filing status.
Federal Stimulus Payments
At the federal level, the Internal Revenue Service (IRS) is issuing stimulus checks of up to $1,400 to approximately one million taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax returns. These payments are automatic, and eligible individuals should receive them by late January 2025. If you did not file a 2021 tax return, you have until April 15, 2025, to do so and claim the credit.
While there are no new state-issued stimulus checks planned for Hawaii residents in 2025, individuals can still take advantage of existing state tax credits and federal payments. It’s advisable to consult with a tax professional or utilize the IRS and Hawaii Department of Taxation resources to ensure you’re receiving all the benefits for which you’re eligible.
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