Mortgage Interest Deduction in Hawaii
State income tax rate
11%
Itemized deductions allowed
✅ Yes
State-Level Mortgage Interest Deduction
Hawaii has one of the highest top rates at 11% and conforms to federal itemized deductions, making the mortgage interest deduction particularly valuable here.
Combined Federal + Hawaii Savings
If you paid $18,000 in mortgage interest last year and itemize on both returns, your combined tax savings would be approximately:
- Federal (22% bracket): $3,960
- Hawaii (11% rate): $1,980
- Total estimated savings: $5,940
These are estimates based on a 22% federal bracket. Your actual savings depend on your specific tax situation.