Income Tax Brackets Delaware

The delaware code provides that interest on any underpayment or late payment of income taxes due shall accrue at the rate of per month from the date prescribed for payments to the date paid.

Income tax brackets delaware. Delaware s state income tax does not allow an expanded income tax bracket for couples filing jointly. Interest underpayment or late payment. The federal corporate income tax by contrast has a marginal bracketed corporate income tax delaware s maximum marginal corporate income tax rate is the 10th highest in the united states ranking directly below california s 8 840. Unlike the federal income tax delaware s state income tax does not provide couples filing jointly with expanded income tax brackets.

Each marginal rate only applies to earnings within the applicable marginal tax bracket which are the same in delaware for. The delaware income tax return is filed by one with an adjusted gross income of 9 400 or greater for those filing either single or married but filing separately or 15 450 or greater for a married couple filing jointly. The tax rates in those brackets range from a low of 2 2 percent to a high of 6 6 percent. This document must be filed annually.

The income tax situation in maryland is actually a bit worse than indicated by the 5 75 maximum state tax rate. Delaware has a flat corporate income tax rate of 8 700 of gross income. Delaware state income tax rate table for the 2019 2020 filing season has seven income tax brackets with de tax rates of 0 2 2 3 9 4 8 5 2 5 55 and 6 6 for single married filing jointly married filing separately and head of household statuses. Most of the years i lived in maryland prior to moving to delaware the upper state tax rate was 5 but there was an upper limit county surcharge of 50.

There are supplementary county income taxes in most if not all jurisdictions. Delaware collects a state income tax at a maximum marginal tax rate of spread across tax brackets. For more information about the income tax in these states visit the delaware and new jersey income tax pages. Delaware has six marginal tax brackets ranging from 2 2 the lowest delaware tax bracket to 6 6 the highest delaware tax bracket.

The interest and penalty rates for underpayment of delaware income tax are as follows. Delaware income tax rate 2019 2020. Delaware s income tax rates were last changed eight years ago for tax year 2012 and the tax brackets were previously changed in 2009. For income taxes in all fifty states see the income tax by state.

Delaware s maximum marginal income tax rate is the 1st highest in the united states ranking directly below delaware s. Income tax in the state of delaware consists of six brackets. This tool compares the tax brackets for single individuals in each state. 2020 delaware tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator.

For an in depth comparison try using our federal and state income tax calculator. Residents of delaware file an individual resident tax return also known as form 200 01.