Governor Meyer Signs Bill to Save State from $400 Million Revenue Shortfall
DOVER — Today, Governor Matt Meyer signed House Bill 255, a critical measure to keep Delaware’s finances on solid footing while protecting public services families depend on. The legislation decouples Delaware from select federal tax‐code changes that threatened to strip as much as $400 million in revenue—and ensures those dollars remain working for Delaware’s schools, […]
State Continues to Process Taxes And Fees
Income Tax Deadlines Extended State Tax Due Dates Remain Unchanged Last week, the Delaware Division of Revenue (DOR) announced that the deadlines for taxpayers to file certain personal and corporate income tax returns and payments had been extended to July 15, 2020 due to “rolling conformity” with federal income tax rules adopted by the […]
Working Individuals, Families Urged to Meet with Volunteer Tax Preparers to Check Earned Income Tax Credit Eligibility
NEW CASTLE (March 7, 2019) – The Department of Health and Social Services (DHSS) is urging working individuals and families in Delaware to meet with volunteer tax preparers at locations across the state to determine if they are eligible for the federal Earned Income Tax Credit (EITC) and to file a federal tax return by […]
Tax Reform and Your Delaware Itemized Deductions
Prior to the Tax Cuts and Jobs Act (TCJA), individuals were permitted to claim an unlimited amount of state and local real property and income taxes paid as itemized deductions. Starting with tax years 2018, those deductions will be limited. Delaware follows federal law regarding itemized deductions, and taxpayers will be entitled to an itemized […]
Revenue Announces Threshold Updates Under the Delaware Competes Act
The Division of Revenue announced the annual adjustments to filing thresholds for small businesses and employers under the Delaware Competes Act. These threshold adjustments are intended to ensure that small businesses continue to reap the benefits of the Delaware Competes Act for years to come. As noted last year, the safe harbor provision for small […]
