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Hawaii Income Averaging for Farmers and Fisherman
Extracted from PDF file 2023-hawaii-form-n-168.pdf, last modified August 2003Income Averaging for Farmers and Fisherman
Clear Form FORM N-168 (REV. 2023) STATE OF HAWAII—DEPARTMENT OF TAXATION Income Averaging for Farmers and Fishermen Attach to Form N-11 or N-15 Name 1. 2. 3. 4. 5. 6. 7. 8. 9. 2023 Social Security Number Enter the taxable income from your 2023 Form N-11, line 26; or Form N-15, line 43.................................................... 1 Enter your elected farm income. Do not enter more than the amount on line 1. (See Instructions)........................... 2 Line 1 minus line 2........................................................................................................................................................... 3 Figure the tax on the amount on line 3 using the 2023 tax rates. (See Instructions)..................................................... 4 If you used Form N-168 to figure your tax for: 2022, enter the amount from your 2022 Form N-168, line 11. 2021 but not 2022, enter the amount from your 2021 Form N-168, line 15. 2020 but not 2021 or 2022, enter the amount from your 2020 Form N-168, line 3. Otherwise, enter the taxable income from your 2020 Form N-11, line 26; or Form N-15, line 43. If zero or less, see Instructions........................................... 5 Divide the amount on line 2 by 3.0......................................................................... 6 Combine lines 5 and 6. If zero or less, enter -0-..................................................... 7 • • • Figure the tax on the amount on line 7 using the 2020 tax rates. (See Instructions)..................................................... If you used Form N-168 to figure your tax for: 2022, enter the amount from your 2022 Form N-168, line 15. 2021 but not 2022, enter the amount from your 2021 Form N-168, line 3. Otherwise, enter the taxable income from your 2021 Form N-11, line 26; or Form N-15, line 43. If zero or less, see Instructions............................................... 9 10. Enter the amount from line 6................................................................................... 10 11. Combine lines 9 and 10. If less than zero, enter as a negative amount................. 11 8 12. Figure the tax on the amount on line 11 using the 2021 tax rates. (See Instructions)................................................... 13. If you used Form N-168 to figure your tax for 2022, enter the amount from your 2022 Form N-168, line 3. Otherwise, enter the taxable income from your 2022 Form N-11, line 26; or Form N-15, line 43. If zero or less, see Instructions........................................................................................................ 13 14. Enter the amount from line 6................................................................................... 14 15. Combine lines 13 and 14. If less than zero, enter as a negative amount............... 15 12 16. Figure the tax on the amount on line 15 using the 2022 tax rates. (See Instructions)................................................... 16 17. Add lines 4, 8, 12, and 16................................................................................................................................................ 18. If you used Form N-168 to figure your tax for: 2022, enter the amount from your 2022 Form N-168, line 12. 2021 but not 2022, enter the amount from your 2021 Form N-168, line 16. 2020 but not 2021 or 2022, enter the amount from your 2020 Form N-168, line 4. Otherwise, enter the tax from your 2020 Form N-11, line 27; or Form N-15, line 44. (See Instructions)........................................................................................ 18 19. If you used Form N-168 to figure your tax for: 2022, enter the amount from your 2022 Form N-168, line 16. 2021 but not 2022, enter the amount from your 2021 Form N-168, line 4. Otherwise, enter the tax from your 2021 Form N-11, line 27; or Form N-15, line 44. (See Instructions)........................................................................................ 19 20. If you used Form N-168 to figure your tax for 2022, enter the amount from your 2022 Form N-168, line 4. Otherwise, enter the tax from your 2022 Form N-11, line 27; or Form N-15, line 44. (See Instructions)....................... 20 17 21. Add lines 18 through 20................................................................................................................................................... 21 22. Tax. Line 17 minus line 21. Also include this amount in the total tax on Form N-11, line 27; or Form N-15, line 44. ... Caution. Your tax may be less if you figure it using the 2023 Tax Table, Tax Rate Schedules, or Capital Gains Tax Worksheet. Attach Form N-168 only if you are using it to figure your tax. 22 N168_I 2023A 01 VID01 • • • • • • • ID NO 01 FORM N-168 (REV. 2023)
Form N-168, Rev. 2022, Income Averaging for Farmers and Fishermen
More about the Hawaii Form N-168 Individual Income Tax TY 2023
We last updated the Income Averaging for Farmers and Fisherman in February 2024, so this is the latest version of Form N-168, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form N-168 directly from TaxFormFinder. You can print other Hawaii tax forms here.
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TaxFormFinder has an additional 164 Hawaii income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form N-11 | Individual Income Tax Return (Resident Form) |
| Form N-200V | Individual Income Tax Payment Voucher |
| Form N-15 | Individual Income Tax Return (Nonresidents and Part Year Residents) |
| Form N-210 | Underpayment of Estimated Tax by Individuals, Estates, and Trusts |
| Income Tax Instructions | Hawaii Income Tax Instruction Booklet |
View all 165 Hawaii Income Tax Forms
Form Sources:
Hawaii usually releases forms for the current tax year between January and April. We last updated Hawaii Form N-168 from the Department of Taxation in February 2024.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Hawaii Form N-168
We have a total of twelve past-year versions of Form N-168 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form N-168
Form N-168, Rev. 2022, Income Averaging for Farmers and Fishermen
2022 Form N-168
Form N-168, Rev. 2022, Income Averaging for Farmers and Fishermen
2021 Form N-168
Form N-168, Rev. 2021, Income Averaging for Farmers and Fishermen
2020 Form N-168
Form N-168 Instructions, Rev. 2020
2019 Form N-168
Form N-168 Instructions, Rev. 2019
2018 Form N-168
Form N-168 Instructions, Rev. 2018
2017 Form N-168
Form N-168, Rev. 2017, Income Averaging for Farmers and Fishermen
2016 Form N-168
Form N-168, Rev. 2016, Income Averaging for Farmers and Fishermen
2015 Form N-168
Form N-168, Rev. 2015, Income Averaging for Farmers and Fishermen
2014 Form N-168
Form N-168, Rev. 2014, Income Averaging for Farmers and Fishermen
2012 Form N-168
Form N-168, Rev. 2012, Income Averaging for Farmers and Fishermen
2011 Form N-168
Form N-168, Rev. 2011, Income Averaging for Farmers and Fishermen
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