Tax Research Insights

Welcome! This site shares posts written by authors of the Department’s annual research reports. The researchers highlight interesting findings from the reports they produce. Each post focuses on a key idea from their research.

Covid-19 reduced the usage of the Child Care Tax Credit

Covid-19 reduced the usage of the Child Care Tax Credit

A resident taxpayer may qualify for a tax credit that offsets some of the cost of childcare. The tax credit is called the Tax Credit for Child and Dependent Care Expenses. The credit is normally the third most commonly claimed tax credit, but it fell to fourth place...

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What would recession do to Hawaii’s Tax Revenues?

What would recession do to Hawaii’s Tax Revenues?

There has been significant talk of a recession in the financial press. High levels of inflation have prompted the Federal Reserve (Fed) to take decisive action by raising the benchmark interest rates. Will the abrupt change in monetary policy cause a recession? And if...

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Hawaii’s individual income tax is progressive

Hawaii’s individual income tax is progressive

Higher income groups pay more in taxes relative to their income in Hawaii. A progressive tax structure is defined as one where higher income taxpayers pay a larger percentage of their income in taxes. By this metric, Hawaii’s individual income tax is clearly...

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