This version of the form is not currently in use and is provided for reference only. Download this version of Form N-358 for the current year.
This is a legal form that was released by the Hawaii Department of Taxation - a government authority operating within Hawaii. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form N-358?
A: Form N-358 is the Healthcare Preceptor Income Tax Credit form in Hawaii.
Q: What is the Healthcare Preceptor Income Tax Credit?
A: The Healthcare Preceptor Income Tax Credit is a tax credit available in Hawaii for healthcare professionals who serve as preceptors for certain health-related educational programs.
Q: Who can claim the Healthcare Preceptor Income Tax Credit?
A: Healthcare professionals who serve as preceptors for certain health-related educational programs in Hawaii can claim the tax credit.
Q: What is the purpose of the Healthcare Preceptor Income Tax Credit?
A: The purpose of the tax credit is to incentivize healthcare professionals to serve as preceptors, helping to train the next generation of healthcare providers.
Q: How much is the Healthcare Preceptor Income Tax Credit?
A: The amount of the tax credit is $2,500 per taxable year.
Q: What are the eligibility requirements for the Healthcare Preceptor Income Tax Credit?
A: To be eligible for the tax credit, healthcare professionals must meet certain criteria, including being licensed or certified in Hawaii, serving as a preceptor for at least three months, and having a written agreement with an eligible educational program.
Q: How do I claim the Healthcare Preceptor Income Tax Credit?
A: To claim the tax credit, healthcare professionals must complete Form N-358 and attach it to their Hawaii state tax return.
Q: Are there any limitations or restrictions on the Healthcare Preceptor Income Tax Credit?
A: Yes, there are limitations and restrictions on the tax credit, such as a cap on the total amount of credits available each year and a requirement to maintain records and documentation supporting the claim.
Q: Is the Healthcare Preceptor Income Tax Credit available in other states?
A: No, the Healthcare Preceptor Income Tax Credit is specific to Hawaii and is not available in other states.
Form Details:
Download a fillable version of Form N-358 by clicking the link below or browse more documents and templates provided by the Hawaii Department of Taxation.