2021 ProSeries/Hawaii

Release 2021.890

Contents

Items addressed in this release

Items addressed in previous releases

What's new for ProSeries/Hawaii

Forms

Electronic filing

Additional Information

Items addressed in this release

The following item has been addressed in this release:

• Form 8915 - The calculations in the program have been updated for filing of returns with federal Form 8915.

Items addressed in previous release

The following forms and worksheets have been addressed in previous releases:

• Passive Activity Worksheet - the Commercial Revitalization Deduction on passive activity worksheet has been updated with this version of the software.
• Error checking, general enhancements - Various improvements to data validations, error checks updated.
• Passive Activity Worksheet - the passive activity worksheet and associated 8582 forms have been updated with this version of the software.
• Mortgage Interest Expense - updated to handle additional situations but still requires review.

What's new for ProSeries/Hawaii

The following items are new for tax year 2021:

• Hawaii adopted the following provisions of the Consolidated Appropriations Act (CAA): (1)Extension of the exclusion from gross income of loans forgiven under the Paycheck Protection Program and Economic Injury Disaster Loans, (2)Extension and increase of the charitable deduction, up to $300 for single filers and $600 for joint filers, for taxpayers who do not itemize on their returns, (3)Extension of the increase to certain charitable contribution limits, (4)Reduction in medical expense deduction floor for medical expenses that exceed the 7.5% of adjusted gross income, decreased from historic 10% threshold for the itemized deductions, and (5)Exclusion from gross income of the amounts received as "recovery rebates" under the CAA (the stimulus payments). (Act 89, SLH 2021)
• The Low-Income Housing Tax Credit is amended by clarifying when and how members may claim the credit, requiring taxpayers to file federal Form 8609 to claim the credit, providing additional tax provisions with respect to building and projects placed in service after December 31, 2020, and extending the sunset date to December 31, 2027.
• Taxpayers may exclude up to $7,152 of their military reserve or Hawaii National Guard duty pay from their income, effective for taxable years beginning after December 31, 2020. (Act 197, SLH 2004)

Forms

All forms/schedules for Hawaii are final and ready to file.

Electronic filing

General information for electronic filing:

You can file returns electronically with this version of ProSeries/Hawaii.

For a list of forms that can be e-filed, first open a state return, and then go to What's New This Year in Help Center.

Additional Information

Check all returns after printing

The Hawaii Department of Taxation scans computer-generated forms to quickly process the income tax returns it receives. To meet the requirements for producing computer-generated forms, ProSeries is required to limit the width of the tax information printed on forms that are scanned. In certain cases, data you entered may be truncated. After completing a tax return, review the information that prints (for example, mailing address information), make any necessary changes, and reprint the return before mailing it.

End of ReadMe file for ProSeries/Hawaii