Delaware is one of the tax-friendliest states with less than $4 billion, Delaware’s recent annual tax revenue is lower than among other states in the US.
Delaware is one of the tax-friendliest states with less than $4 billion, Delaware’s recent annual tax revenue is lower than among other states in the US.
Delaware Tax Returns
Delaware offers lower income tax rates ranging from 2.2% to 3.9%. Nonresidents, part-time residents, and permanent residents are all required to file an income tax return. Moreover, survivors of deceased taxpayers may also file on their behalf.
The deadline for filing Delaware’s Income tax is different from the federal deadline, it should be submitted by April 30, so as the tax extensions.
Here’s How: If a taxpayer files for the tax extension, then they must mail their income tax forms by October 30. In filing an extension, you may go to the Division of Revenue’s website or mail a form 1027I. Extensions may be filled anytime between March 1 and April 30.
Taxpayers who discover errors in prior tax filings can file an amended return with the appropriate form. Nonresidents should use a 200-02-X, and residents must use a 200-01-X. To know the Mailing addresses of Delaware Tax Returns you can click here.
For electronic tracking: here is the electronic tracking website of the Division of Revenue portal if you plan to check the status of a refund.
Tax Penalties
When you file your tax return late with a balance due, there is a 5% fee each month for the unpaid balance. The maximum accrual is 50% of the original balance due. If a return is filed on time but payment is not made, a fee of 1% of the balance is charged monthly with a total limit of 25%.
However, there is a 1.5% fee if taxes are paid late or are not paid, it will automatically be charged for the balance due each month until it is paid. This fee may be added to any late tax filings or underpayments with submissions. If estimated taxes are required, they should be paid promptly on time using Form 200-ESI for Internet payments or Form 200-ES for mailed payments. They can be paid on the Division of Revenue’s site through credit card or by mailing a check to the Division of Revenue at PO Box 8735 Wilmington, DE 19899-8735
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