Delaware Form 700 Credits

Any taxpayer claiming any of the following credits should complete Form 700 (available from the Division of Revenue and at www.revenue.delaware.gov) and submit it with their Delaware return. -Economic Development Credits are available to certain businesses engaged in a qualified business activity who meet the minimum capital investment and new hiring requirements. Only taxpayers approved by the [...]

Do I need to mail anything in to the IRS?

Our website allows you to e-file your tax return. In most cases, this means that you will not be required to mail anything to the IRS. Exceptions to this include, but are not limited to: You owe money to the IRS and you did NOT choose to pay online when you filed the return - You will need to print the voucher listed with your forms and mail a check or money order to the IRS. You do not need [...]

Delaware Itemized Deductions

Itemized Deductions From Schedule A Enter the total amount of itemized deductions shown on Delaware Schedule A. All federal limitations apply to the calculation of Delaware itemized deductions. If you are unable to specifically allocate deductions between spouses, prorate the deductions based on the ratio of each spouse’s separate income to the total joint income. For example, if one [...]

Delaware Personal Credit Exemptions

Personal Credits Enter the total number of personal exemptions claimed on your federal return, and multiply by $110 for your Delaware personal credit. If you are married and filing a combined separate return, split the total between you and your spouse in increments of $110. If you are married and filing separate returns, allocate exemptions appropriately to each return and multiply by $110, [...]

How Do I Claim the Delaware Other State Tax Credit?

Other State Tax Credit If you are a resident of Delaware (or elect to be taxed as one) and pay income taxes to another State on income earned in the other State which is also included in your Delaware taxable income, the law allows you a tax credit against your Delaware income tax. Do not include city wage taxes or county taxes paid directly to the county. If you claim the tax credit, you must [...]