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EZ DO NOT WRITE or STAPLE in THIS AREA DELAWARE INDIVIDUAL RESIDENT INCOME TAX RETURN FORM 200 03 EZ or Fiscal Year Beginning Yo
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People also ask
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Do retirees pay state income tax in Delaware?
Delaware tax on retirement benefits: Delaware does not tax Social Security benefits or Railroad Retirement benefits. Retirees age 60 and older may exclude up to $12,500 of pension or retirement income from a qualified retirement plan in Delaware. This income includes but is not limited to: Interest income.
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Does Delaware have individual state income tax?
Delaware has a graduated tax rate ranging from 2.2% to 5.55% on income under $60,000. The maximum income tax rate is 6.60% on income of $60,000 or over.
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Do I have to file a Delaware income tax return?
You must file a tax return if you have any gross income from sources in Delaware during the tax year. If your spouse files a married filing separate return and you had no Delaware source income, you do NOT need to file a Delaware return.
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What is considered a Delaware resident?
A resident is an individual who either: • Is domiciled in this State for any part of the taxable year; or • Maintains a place of abode in this State and spends more than 183 days of the taxable year in this State.
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What is the Delaware state income tax rate for 2024?
Like the federal income tax, the Delaware state income tax is progressive, meaning the rate of taxation increases as taxable income increases. In 2024, the Delaware state income tax rates range from 2.20% to 6.60%.
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What is the state of Delaware individual income tax?
Delaware has a graduated state individual income tax, with rates ranging from 2.20 percent to 6.60 percent. There is also a jurisdiction that collects local income taxes. Delaware has an 8.70 percent corporate income tax rate and a state gross receipts tax. Delaware does not have a state sales tax rate.
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Who is a part-year resident of Delaware?
You are a part-year resident of Delaware if you were domiciled in Delaware for part (but not all) of 2024. Even if you were not domiciled in Delaware in 2024, if you spent more than 183 days in Delaware in 2024 and maintained a place of abode there, you are considered a resident.
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What is the Delaware annual state tax?
All Domestic and Foreign Limited Liability Companies, Limited Partnerships, and General Partnerships formed or registered in Delaware are required to pay an annual tax of $300.00. There is no requirement to file an Annual Report.
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