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Delaware charges a franchise tax on the corporations incorporated in it. Franchise taxes in Delaware are higher than in most other states which typically get revenue from corporate income taxes on the portion of the corporation's business done in that state. Delaware's franchise taxes supply about one-fifth of its state revenue. [17]
The state does, however, impose a tax on the gross receipts of most businesses. Business and occupational license tax rates range from 0.096% to 1.92%, depending on the category of business activity. Delaware does not assess a state-level tax on real or personal property.
The auditor of accounts of Delaware is a constitutional officer in the executive branch of the U.S. state of Delaware.The incumbent is Lydia York, a Democrat, who was elected to the position in the November 2022 general election and sworn in on January 3, 2023, at Delaware State University. [3]
Delaware is a tax-friendly state for retirees. It doesn’t have state or local sales tax, and it doesn’t tax Social Security benefits. It also has lower property taxes relative to the rest of ...
The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...
Some providers also allow you to file a state income tax return. For the 2025 tax season, your adjusted gross income must be $84,000 or less to qualify for the Free File program.
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