62% on the portion above those thresholds. Filing Requirements and Part-Year Residents You are required to file a Delaware tax return if you are a resident or part-year resident with income above the standard deduction plus one personal exemption.
2021 Delaware Tax Brackets Comparison History
The Flat Rate and the High-Income Surcharge The base rate for Delaware income tax in 2021 was set at 5. Delaware offers specific itemized deductions, including medical expenses, mortgage interest, and charitable contributions.
This starting point ensures alignment with federal calculations while allowing for necessary state-specific adjustments. However, to ensure high-income individuals contribute a fair share, the state imposes an additional marginal tax rate.
2021 Delaware Tax Brackets Comparison History
Filing Status Flat Rate Applied To Surtax Threshold Top Effective Rate Single First $60,000 Income over $60,000 6. Deductions and Credits to Consider While the flat rate is straightforward, the value of deductions can significantly impact your liability.
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