Latest News

The IRS has announced a new automatic penalty relief program designed to help eligible taxpayers with a strong compliance history. Instead of requesting relief, qualifying taxpayers may receive automatic waivers for certain penalties, making the process simpler and reducing the burden on taxpayers who have consistently met their filing and payment responsibilities.

The One Big Beautiful Bill Act (OBBBA) introduces major federal tax changes that may affect individuals, families, workers, and businesses across Hawaii. Understanding the key provisions can help taxpayers prepare for changes to deductions, credits, and other tax benefits.

The Hawaiʻi Department of Taxation (DOTAX) has announced important updates and reminders for the 2026 tax filing season. Taxpayers are encouraged to prepare early by gathering all necessary tax documents, including Forms W-2, HW-2, 1099s, and any other records needed to complete their state income tax return accurately.

Beginning January 1, 2026, Hawaiʻi will implement a new "Green Fee" designed to help fund environmental conservation, climate resilience, and the protection of the state's natural resources. The new fee is expected to generate funding for projects that preserve beaches, forests, coral reefs, and other public lands while supporting long-term sustainability initiatives across the islands.

The Internal Revenue Service (IRS) has announced federal tax relief for individuals and businesses in Hawaiʻi affected by severe storms, flooding, and mudslides. If you live or operate a business in an area covered by the federal disaster declaration, you may qualify for additional time to file certain federal tax returns and make tax payments without incurring penalties.

A new federal tax law has introduced Trump Accounts, a tax-advantaged savings program designed to help families save for a child's future. Beginning in 2026, eligible children born during the designated eligibility period may qualify for a federally funded starter contribution, while parents, grandparents, and others can make additional contributions each year, subject to annual limits established by law.