Are there any penalties for filing my state taxes late?

Yes, there are penalties for filing state taxes late in Hawaii. The Hawaii Department of Taxation imposes a late filing penalty, which can range from a percentage of the unpaid tax to a specific dollar amount, depending on how late the return is filed. In addition to the late filing penalty, interest will accrue on any unpaid taxes from the due date until the tax is paid in full. It is important to note that even if a tax return is filed late, taxpayers are still responsible for paying any taxes owed by the original due date to avoid further penalties and interest. If individuals find themselves in a situation where they cannot file on time, they may benefit from understanding the available options for filing extensions, which can be found on the Hawaii Department of Taxation's website. Staying informed about the consequences of late filing can help individuals avoid unnecessary financial burdens.