Haw. Code R. § 15-193-63 - Determining net earned income
The net
1. From the gross annual earned income of
each adult household member, deduct a standard deduction of twenty per cent;
and if applicable,
2. After the
twenty per cent standard deduction, deduct from the remainder an education
credit for a household member that is a full-time student seeking a
post-secondary education. The education credit, which is provided for a tenant
family and not individual family members, is calculated as:
A. The actual amount received from
scholarship(s) to attain a post-secondary education degree; or
B. One thousand dollars ($1,000) per year;
whichever is less.
Notes
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