Which itemized deductions can be claimed in Hawaii but not on my federal return?
The following expenses can still be claimed in Hawaii:
- Interest paid on home equity loans
- Tax preparation fees
The expenses below can also still be claimed in Hawaii. They must be paid to produce or collect taxable income and certain tax-exempt income* (do not include any personal expenses):
- Safe deposit box rental
- Certain legal and accounting fees
- Clerical help and office rent (do not include expenses already entered on a Schedule C)
- Custodial (e.g. trust account) fees
- Your share of the investment expenses of a regulated investment company
- Certain losses on nonfederally insured deposits
- Casualty and theft losses of property used in performing services as an employee
- Deduction for repayment of amounts under a claim of right
- Convenience fee charged by the card processor for paying your income tax by credit or debit card
Note: Expenses and interest for royalties and other income derived from any patents, copyrights, and trade secrets by an individual or a qualified high technology business are deductible.