Income Tax Rates Delaware

The first step towards understanding delaware s tax code is knowing the basics.
Income tax rates delaware. Delaware however offers a flat fee franchise tax of 100 and a flat fee llc tax of 250. Delaware s income tax rates were last changed eight years ago for tax year 2012 and the tax brackets were previously changed in 2009. 2019 delaware tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. The delaware tax rate and tax brackets are unchanged from last year.
Rates range from as little as 0 percent to roughly 7 percent for those earning in the highest income bracket. Unlike the federal income tax delaware s state income tax does not provide couples filing jointly with expanded income tax brackets. 2020 delaware tax tables with 2021 federal income tax rates medicare rate fica and supporting tax and withholdings calculator. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower.
How does delaware rank. Delaware s state income tax does not allow an expanded income tax bracket for couples filing jointly. Delaware has six marginal tax brackets ranging from 2 2 the lowest delaware tax bracket to 6 6 the highest delaware tax bracket. Some key points regarding delaware income tax include.
Click the tabs below to explore. Compared to other states delaware offers exponentially lower franchise taxes and llc taxes. Delaware s maximum marginal income tax rate is the 1st highest in the united states ranking directly below delaware s. The delaware division of revenue s mission is to collect 100 of the taxes and other revenues required by law to be remitted to the state of delaware no more and no less and strive to do so in a manner that creates the highest possible level of satisfaction on the part of our customers.
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. The state income tax is even lower. Compare your take home after tax and estimate your tax return online great for single filers married filing jointly head of household and widower. Delaware has a flat corporate income tax rate of 8 700 of gross income.
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. Below we have highlighted a number of tax rates ranks and measures detailing delaware s income tax business tax sales tax and property tax systems.