1031 Exchange Hawaii

 

Capital Gains Rates

State Rate
7.30%
Local Rate
0%
Deduction
A lower rate for capital gains
Combined Rate
29.2%

Income Tax Rates

Single Filer

Rates   Brackets
1.40% > $0
3.20% > $2,400
5.50% > $4,800
6.40% > $9,600
6.80% > $14,400
7.20% > $19,200
7.60% > $24,000
7.90% > $36,000
8.25% > $48,000

Married Filing Jointly

Rates   Brackets
1.40% > $0
3.20% > $4,800
5.50% > $9,600
6.40% > $19,200
6.80% > $28,800
7.20% > $38,400
7.60% > $48,000
7.90% > $72,000
8.25% > $96,000

Standard Deduction

Single Couple
$2,200 $4,400

Personal Exemption

Single Couple Dependent
$1,144 $2,288 $1,144

Additional State Capital Gains Tax Information for Hawaii

While the federal government taxes capital gains at a lower rate than regular personal income, states usually tax capital gains at the same rates as regular income - this is not the case in Hawaii, which utilizes a lower rate than its personal income tax rate. The Combined Rate accounts for Federal, State, and Local tax rate on capital gains income, the 3.8 percent Surtax on capital gains and the marginal effect of Pease Limitations (which increases the tax rate by 1.18 percent).

Additional State Income Tax Information for Hawaii

Hawaii allows any taxpayer, other than a corporation, acting as a business entity in more than one state who is required by this chapter to file a return to elect to report and pay a tax of 0.5% of its annual gross sales (1) where the taxpayer's only activities in this state consist of sales; and (2) who does not own or rent real estate or tangible personal property; and (3) whose annual gross sales in or into this state during the tax year is not in excess of $100,000. Haw. Rev. Stat. § 235-51 (2015).

View Other States

Are Delaware Statutory Trusts Right for You?

Investor's Guidebook to Fractional 1031 Replacement Properties
Download

Download the Realized Ebook - What Is A 1031 Exchange?
Tax data per Tax Foundation as of January 1, 2016. Last Updated February 11, 2017.

Register to view all 1031 Exchange Properties Online

Preview the current list of Triple Net (NNN), Delaware Statutory trust (DST), and Tenant in Common (TIC) investment properties.

GET STARTED

Images of the types of 1031 Exchange properties available online at Realized