Earned income credit in Delaware
Varies
Does Delaware Have an Earned Income Tax Credit?
Short answer: Yes: Delaware offers the Delaware Earned Income Tax Credit, Choose either a refundable credit of 4.5% of the federal EITC or a nonrefundable credit of 20% of the federal EITC (refundable). Refundable only under the 4.5% option. The 20% option is nonrefundable and capped at Delaware tax owed; Schedule II (PIT-RSS) picks the option that applies. Must claim the federal EITC.
Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Records to keep: Keep your state return, W-2s and 1099s (1099-R, SSA-1099), and any state credit worksheets. Check your state revenue department's current-year instructions before you file.
Earned income credit in Delaware
Varies
Individuals / Personal Taxes
Yes: Delaware offers the Delaware Earned Income Tax Credit, Choose either a refundable credit of 4.5% of the federal EITC or a nonrefundable credit of 20% of the federal EITC (refundable). Refundable only under the 4.5% option. The 20% option is nonrefundable and capped at Delaware tax owed; Schedule II (PIT-RSS) picks the option that applies. Must claim the federal EITC.
Business justification
Yes: Delaware offers the Delaware Earned Income Tax Credit, Choose either a refundable credit of 4.5% of the federal EITC or a nonrefundable credit of 20% of the federal EITC (refundable). Refundable only under the 4.5% option. The 20% option is nonrefundable and capped at Delaware tax owed; Schedule II (PIT-RSS) picks the option that applies. Must claim the federal EITC. Claim the federal EITC on Form 1040 (with Schedule EIC if you have qualifying children); state credits go on your state return.
Category
- Personal Tax Deductions