iCalculator™ DE (US)"Informing, Educating, Saving Money and Time in Delaware"
US Tax 2024

iCalculator™ US: Delaware Tax Calculators

Welcome to iCalculator™ US, your comprehensive suite of free tax calculators for Delaware. iCalculator™ has provided free tax calculators for Delaware since 2014. Since those early days we have extended our resources for Delaware to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. View all tax calculators and tools in the Delaware Tax Hub or use the Delaware Tax Calculator for 2024 (2025 Tax Return).

Delaware Tax Calculator 2024
*** Please enter your income ***
Advanced Delaware Salary Calculator 2024
FICA (Federal Insurance Contributions Act):
Itemized Deductions:
Retirement Plan Contributions:
About you:
About your spouse (complete if Married filing Jointly:
Local Taxes and Additional Taxes:
Additional Delaware State Tax Deductions and Credits:
Additional Federal Tax Deductions and Credits:
Work Time Settings [for fine tune computation of hourly rates etc.]:
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Delaware Tax Calculator 2024/25

The Delaware Tax Calculator is for the 2024 tax year which means you can use it for estimating your 2025 tax return in Delaware, the calculator allows you to calculate income tax and payroll taxes and deductions in Delaware. This includes calculations for

  1. Employees in Delaware to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Delaware.

The Delaware Tax Calculator for 2024 encompasses a comprehensive suite of features to cater to your tax calculation needs. Key features include detailed calculations for Federal Income Tax based on the latest tax tables and allowances, FICA contributions covering both Social Security and Medicare, and automatic calculations for the Earned Income Tax Credit (EITC). Additionally, it allows for the consideration of retirement plan contributions, including 401(k), 403(b), SARSEP, and 457 plans, as well as SIMPLE plans, with specific limits for 2024. The calculator also supports Schedule A (Form 1040) for Federal Itemized Deductions, local tax calculations, and the inclusion of additional taxes or deductions.

For those seeking a deeper understanding and more detailed information on these features, including how they apply to your individual tax situation, it's recommended to view the comprehensive instructional overview here. This additional resource provides extensive insights into each feature, ensuring you can maximize your tax deductions and credits effectively for the 2024 tax year.

Discover Delaware, United States

Delaware, the second smallest state in the United States, is located in the Mid-Atlantic region. It is bordered by Pennsylvania to the north, New Jersey to the northeast across the Delaware River, Maryland to the west and south, and the Atlantic Ocean to the east. This strategic location along the eastern seaboard makes Delaware an important state despite its small size.

Culturally, Delaware is rich in history and was one of the original Thirteen Colonies. It is known as the "First State" because it was the first to ratify the United States Constitution. This historical legacy contributes to its diverse cultural heritage, which includes significant contributions to American history, art, and cuisine.

Delaware's economy is dynamic and diversified. Key aspects of its economic landscape include:

  • Corporate Hub: Notably, Delaware is recognized for its business-friendly laws and is the legal home to more than half of all U.S. publicly traded companies, including numerous Fortune 500 companies.
  • Finance and Banking: The state's favorable corporate tax laws have made it a hub for banking and credit card industries. Major banks have a significant presence in Delaware.
  • Agriculture: Agriculture also plays a role in Delaware's economy, with poultry, nursery stock, soybeans, dairy products, and corn being significant products.
  • Chemicals and Pharmaceuticals: The state is known for its chemical industry, historically led by companies like DuPont. The pharmaceutical sector is also prominent.

Moreover, tourism contributes to the state's economy, with its beaches, parks, and historic sites attracting visitors. Delaware's economy benefits from its strategic location, business-friendly environment, and diverse industrial sectors.

For more detailed information about the neighboring states, you can visit their respective pages at Pennsylvania, New Jersey, and Maryland.

Overview of Taxation in Delaware, United States

In Delaware, the tax system encompasses a combination of federal and state taxes. This overview specifically addresses the state taxes in Delaware, detailing the various types and compliance requirements.

State Tax Types in Delaware

Income Tax: Delaware imposes a state income tax on its residents. The structure of this tax is progressive, with different rates applied based on income levels. This tax is applicable to all forms of income, such as wages, business earnings, and investment income.

Sales Tax: Unique among many states, Delaware does not levy a sales tax on goods and services, which makes it an attractive shopping destination for residents of neighboring states.

Property Tax: Property taxes in Delaware are collected at the local level. These taxes are based on the property's assessed value and are utilized primarily to fund local services like education and infrastructure.

Corporate Tax: Delaware is known for its favorable corporate tax laws. The state imposes a corporate income tax on businesses operating within its jurisdiction. Delaware's corporate tax structure and business-friendly environment have made it a popular choice for incorporating businesses.

Other Taxes: Delaware has other forms of state taxes, including estate taxes and excise taxes on certain items, though it is known for its relatively favorable tax environment.

Tax Compliance in Delaware

Compliance with Delaware's tax laws is overseen by the Delaware Division of Revenue. Taxpayers, both individuals and businesses, are required to file annual tax returns and make appropriate payments based on their taxable income or corporate profits. The state offers various methods for filing and payment, including electronic filing, to facilitate compliance and ensure accuracy.

Understanding Delaware's state tax system is important for residents and businesses to ensure they meet their legal obligations and contribute to the state's public services and infrastructure. Delaware's tax environment is a key aspect of its economic appeal and contributes to its reputation as a business-friendly state.