Delaware Volunteer Firefighter Credit

Volunteer Firefighter's Credit The law allows a credit of $500 against the income tax liability of Delaware residents who are active firefighters, or members of fire company auxiliaries or rescue squads. To qualify for the credit, you must be an active volunteer firefighter on call to fight fires on a regular basis, a member of a fire company auxiliary or active member of an organized rescue [...]

Delaware Subtractions

Interest on State and Local Obligations other than Delaware Interest you received from any obligations of States other than Delaware or their political subdivisions is taxable and must be added on Line 30. Examples of interest that is taxable: • Interest received on Pennsylvania Turnpike Bonds. • Mutual fund dividends not included on Line 29 that are attributable to interest on [...]

Delaware Filing Status

FILING STATUS 1 – SINGLE TAXPAYER If you were single on December 31, 2021, consider yourself Single for the whole year and use Filing Status 1. FILING STATUS 2, 3, AND 4 – MARRIED TAXPAYERS You may file Joint, Separate, or Combined Separate Delaware returns. If you use Filing Status 4, you are in fact filing two separate returns which have been combined on the same form for [...]

MO$T Contributions

Exempt Contributions Missouri Savings For Tuition Program (MO$T) The state of Missouri allows a subtraction from federal adjusted gross income for the amount of annual contributions made to the Missouri Savings for Tuition Program (MOST), the 529 plan administered by the Missouri Higher EducationDeposit Program, or any other qualified 529 plan. The maximum annual exempt contribution is $8,000 [...]

Missouri MO$T Distributions

Missouri Savings For Tuition Program (MO$T) Any distribution made by the Missouri Savings for Tuition Program (MOST), the 529 plan administered by the Missouri Higher Education Deposit Program, or any other qualified 529 plan, not used for qualified higher education expenses, must be added to the participant's (taxpayer who made contributions to the plan) federal adjusted gross income. The [...]