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Tax relief is becoming more prevalent in the state of Hawaii, with one of the highest state income tax rates in the nation at 11%. The median income in Hawaii dropped nearly 15% in recent years, to an average of $61,408. Difficult financial times have increased the number of individuals with delinquent taxes and who could benefit from tax relief.
On the other hand, the average federal income tax paid by Hawaiians, $8,519, is below the national average of $11,715. The state did pass a law in 2009 that established a 15-year statute of limitations on delinquent tax payments in most situations.
Even so, Hawaii residents are feeling the overwhelming stress of owing the IRS and state tax authorities, sometimes being threatened with seized assets or garnished wages. Many struggle to make ends meet with rising costs of food and other necessities, medical expenses incurred outside of insurance plans or with high-deductible plans, and many other financial pressures make it harder for the average person to make ends meet from month to month.
Under these circumstances, it can be extremely difficult to set aside any savings for the purpose of paying taxes at some future point, and when state and federal tax bills arrive, some families have to choose between paying the rent, putting food on the table, or paying governmental tax collection agencies. Tax relief companies are often an effective solution to help Hawaiians with their difficult tax problems. These specialists work with their clients? outstanding tax debts and in some cases can significantly reduce their tax debt.
An expert tax relief company can help Hawaii clients in a number of ways, including validation of tax debt, tax return review, and negotiating with the IRS and state tax authorities in order to reduce clients? total tax burden.
Tax Relief In The News
Scott Walker seeks more tax relief for seniors, parents in upcoming state budget Scott Walker is seeking to provide more tax relief for seniors and parents paying for child care over the next two year...
Published: Mon, 17 Sep 2018 10:16:00 GMT
Carolinas' Coast Line Recovers From Hurricane Florence, As Storm Continues To Pour Heavy Rain On The States2018 Getty Images The Internal Revenue Service (IRS) has announced tax relief for victims of ...
Published: Sat, 15 Sep 2018 11:42:00 GMT
As we move forward to the general election, we must remember that state leaders can provide municipal property tax relief through their work on the next state biennium budget and I am asking that they ...
Published: Mon, 17 Sep 2018 21:14:00 GMT
The IRS said Saturday that those caught in Hurricane Florence will get extended time for the next quarterly estimated income tax filing deadline Monday, as well as payroll tax returns due at the end o...
Published: Sat, 15 Sep 2018 18:12:00 GMT
NORWICH - The City Council voted unanimously Monday to provide tax relief to military families who have lost a son, daughter or spouse in combat. The ordinance will allow qualified "Gold Star" familie...
Published: Mon, 17 Sep 2018 18:36:00 GMT
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