A tax return is a form on which a person or entity reports income, deductions, and exemptions to the federal or state taxing authority (IRS or state tax authority), and on which the person or entity’s income tax liability is calculated.
In Hawaii, a tax return is a document filed with the Hawaii Department of Taxation that reports income, deductions, and exemptions for the purpose of calculating state income tax liability. This is similar to the process of filing a federal tax return with the Internal Revenue Service (IRS). Hawaii residents must file state tax returns annually by April 20th, which is slightly later than the federal deadline. The state tax return includes information on income earned, tax credits, such as those for renewable energy, and deductions that may reduce taxable income. Hawaii has its own set of tax forms and instructions that are separate from federal forms. Taxpayers in Hawaii may need to file different forms depending on their residency status, sources of income, and whether they are claiming any special credits or deductions specific to Hawaii tax law.