Delaware State Taxes 2021 Income And Sales Tax Rates

Delaware State Taxes 2021 Income And Sales Tax Rates

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Delaware personal income tax rates Table

Delaware personal income tax rates Tax rate Single Married, filing jointly 0.00% $0-$2,000 $0-$2,000 2.20% $2,000-$5,000 $2,000-$5,000 3.90% $5,000-$10,000 $5,000-$10,000 4.80% $10,000-$20,000 $10,000-$20,000 5.20% $20,000-$25,000 $20,000-$25,000 5.55% $25,000-$60,000 $25,000-$60,000 6.60% $60,000 or more $60,000 or more Source: The standard deduction for Delaware taxes is $3,250 for an individual and $6,500 for a couple. Residents can also take advantage of personal exemptions, totaling $110 for single filers, $220 for couples and $110 for each qualifying dependent.

Who has to file Delaware state taxes

If you lived in Delaware for the year, here are the age and income requirements needed to file a return: Delaware age and income requirements to file taxes Age Single Married, filing jointly Under 60 More than $9,400 More than $15,450 60-64 More than $12,200 More than $17,950 65 and above, or blind More than $14,700 More than $20,450 65 and above, and blind More than $17,200 More than $22,950 Source: Meanwhile, if you are a partial-year resident, you would need to file a Delaware tax return if you earned income from a Delaware-based business even if you did not live in the state or if you received income while living in Delaware. If you run your own business, you would need to file a tax return. The corporate tax rate of ranks the state 13th on the State Business Tax Climate Index Rating. Businesses can easily file their taxes online through the . You can also pay your quarterly estimated payments, report and pay your gross receipts and much more.

Delaware sales tax rate

Delaware is one of the few states that doesn’t charge a sales tax. Residents also don’t pay locality tax on purchases made in Delaware.

Other things to know about Delaware state taxes

The state does charge tax on specialty items. Its gasoline tax rate of ranks it 38th nationally. There is also a cigarette tax of $2.10 (dollars per 20-pack), making it the 13th most expensive state. If you have any questions about Delaware taxes or want to file a return, you can do so through the .

Learn more

SHARE: Sean Jackson is a creative copywriter living in Florida. He’s written articles for Realtor.com, CNET and ZDNet. Lance Davis is the Vice President of Content for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their financial journey.

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