Delaware Department of Revenue, Delaware Tax

Delaware Business Corporate Tax, Delaware Personal Income Tax, Delaware Sales Tax Rates

What is the Delaware Corporate net income tax rate(s)?

8.7%

Banks have a graduated cheaper rate for income over 20 million down to 2.7%.

There is a gross receipt tax of .104 – 2.7% on income over about $200,000 each quarter.

There is a franchise tax upon the authorized shares or gross assets. Usually about $100.00 unless you have a ton of shares and assets.

What is the Delaware personal net income tax rate(s)?

There is also a lot of local income taxes with a average rate of .16%

What is the average Delaware sales tax rate(s)?

There is none.

Are there standard deductions?

Single:  $3,250.00
Joint:  $6,500.00

Are there personal exemptions?

Single:  $110.00
Dependants:  $110.00

What forms do you file for your Delaware taxes?

C corporations:   Form 1100
S Corporations:  Form DE 1100S, A1
Partnerships:  Form 300
Individual:  Form 200-01 and 200-02 for non resident

Estimated tax payments?

Form 200ES for personal, 1100T for Corps, and 1100P for S corps. Delaware follows the IRS standards for estimated payments. If you will owe $400.00 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won't make as much in the current year.

Delaware Department of Revenue:

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