Tuesday, July 23, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, December 31, 2019
DoTax Changes for 2020
By News Release @ 9:45 AM :: 3280 Views :: Taxes

FORM CHANGES, HAWAII COUNTY SURCHARGE INCREASE, E-FILING REQUIREMENTS UPDATED FOR 2020

News Release from DoTax, Dec 30, 2019

HONOLULU – The Department of Taxation (DOTAX) is ready for the 2020 tax season. On January 2, 2020, taxpayers can begin filing all returns due in 2020, including Individual Income Tax, on Hawaii Tax Online (hitax.hawaii.gov). All updated (Rev. 2019) paper forms will be posted on DOTAX’s website (tax.hawaii.gov/forms) and most printed forms are available at District Offices. Modernized e-File through the Internal Revenue Service is expected to begin receiving returns on January 21, 2020.

Last year, DOTAX processed close to 750,000 Individual Income Tax returns, over 500,000 of which were filed electronically. Revenue from Hawaii’s Individual Income Tax is the State’s second largest source of revenues and accounts for 31% of total tax collection.

DOTAX has also announced the following updates and changes for 2020 to help better serve State of Hawaii taxpayers.

FORM CHANGES

Some DOTAX forms have been changed for 2020 to implement new rates, laws, and processes. These forms are identified with “Rev. 2019.” All taxable periods including and after January 1, 2020, must use the “Rev. 2019” or the most current version of the form to ensure that the tax rates are correct and to avoid processing delays.

HAWAII COUNTY (ISLAND OF HAWAII) SURCHARGE INCREASE

Beginning January 1, 2020, the Hawaii County surcharge on the General Excise (GE) tax will increase from 0.25% to 0.50%. Businesses may pass on the GE tax and county surcharge to customers at a maximum rate of 4.712%. Oahu, Kauai, and Maui do not have changes to the county surcharge for 2020. For more information, see Tax Announcement No. 2019-04 or visit "countysurcharge”.

MANDATORY E-FILING

More tax types will be required to mandatory e-file for taxable periods beginning on or after January 1, 2020. These include: Corporate Income (Form N-30), Withholding for employers whose annual liability exceeds $40,000 (Form HW-14), Franchise (Form F-1), Public Service Company (Form U-6), and Estate and Generation-Skipping Transfers (Form M-6).

For General Excise (G45, G-49) and Transient Accommodations (TA-1, TA-2) tax returns for taxpayers who are required to file monthly returns (whose annual estimated tax liability is greater than $4,000) will also be required to mandatory e-file annual returns for tax year beginning on or after January 1, 2020 and periodic returns for periods beginning on or after July 1, 2020.For more information, visit LINK.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii