New York

Do I Need to File a Hawaii State Tax Return? Resident: If you lived in Hawaii for at least 200 days, you are considered a resident unless you were there for educational or work purposes (military) alone. As a resident, you must file a Hawaii state tax return if: You do business in Hawaii.

Hawaii is moderately tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are fully taxed. Public pension income is not taxed, and private pension income is fully taxed.

What is Hawaii’s sales tax rate? Hawaii does not have a sales tax; instead, we have the GET, which is assessed on all business activities. The tax rate is 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.

How much does it cost to live in Hawaii. Studies have the cost of living in Honolulu requires residents to have an income of $120,000+ are required to live comfortably in the state’s capital. This is subjective of course, but according the U.S. Census, Honolulu’s median household income was around $80,000 in 2019.

For people that don’t know, Hawaii actually has discount pricing on a lot of luxury brand names. Outside of Europe, Hawaii is the next best place to buy luxury goods. On top of that, Hawaii’s tax is much lower than the mainland U.S. Here in Los Angeles, our sales tax is 9.5%, but in Honolulu, it’s only 4.5%.

Sales taxes Hawaii does not have a sales tax. Instead, the state collects a 4% general excise tax, which is assessed on all business activities, including retail sales, commissions, rental income and services. Other activities, such as wholesale sales, are taxed at 0.5%.

Hawaii’s culture and history is totally unique. People born and raised there are fiercely proud of their island nation. Perhaps some rightly resent how it was stolen from them. Approach them with due respect and no judgement, I think you will find they are quite friendly, kind and generous.

Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes.