Haw. Code R. § 15-193-63 - Determining net earned income

The net earned income for a tenant family shall be determined by the following process:

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

Haw. Code R. § 15-193-63
[Eff DEC 13 2001] (Auth: HRS § 201G-4) (Imp: HRS §§ 201G-42, 201G-43)

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