Delaware Individual Credit Application

The state has no value-added taxes (VATs), it does not tax business transactions, and it does not have use, inventory or unitary tax. There is no inheritance tax in Delaware, and there are no capital shares or stock transfer taxes.

Here are the standard deduction amounts for the 2019 tax year: $12,200 for single taxpayers or married couples who file separate returns. $18,350 for head of household. $24,400 for married couples filing a joint return and qualifying widow(er)s.

Extensions - Delaware allows an automatic extension to October 15 if no additional tax is due and if a federal extension is filed. If additional tax is due, file Form 1027, Application for Automatic Extension of Time to File Delaware Individual Income Tax Return, by May 1, to request an extension to October 16.

Generally, if your total income for the year doesn't exceed certain thresholds, then you don't need to file a federal tax return. The amount of income that you can earn before you are required to file a tax return also depends on the type of income, your age and your filing status.

According to Delaware Instructions for Form 200-01, If you are a Full-Year Resident of Delaware, you must file a tax return for 2019 if, based on your Age/Status, and if your individual adjusted Delaware gross income (AGI) exceeds the limit.

Please note a federal extension automatically extends the Delaware due date. An extension of time to file is not an extension of time to pay. Q. Does Delaware accept consolidated returns?

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.

You may need to file a nonresident tax return for each state in which you worked, but did not reside. For example, if you lived in one state and worked in another, you will usually need to file a resident return for the state in which you lived and a nonresident return for the state in which you worked.