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What is the city tax exemption in Wilmington Delaware?

The City provides a property tax exemption up to $715.64 per year to homeowners aged 65 and over who qualify based on income. If you qualify, you also receive a discount on your water and sewer bills. Applications must be filed on or before April 30th.

Who has to pay Wilmington City tax?

Any person who works in the City or conducts business in the City from which he or she derives wages or business income, is subject to the Citys Earned Income Tax, regardless of whether he or she lives inside the City or not.

What is the EIT rate in Wilmington DE?

The City of Wilmington Earned Income Tax - commonly known as the City Wage Tax - is calculated at 1.25% of gross wages and must be collected by New Castle County and submitted to the City of Wilmington for all employees who either reside or work in the City.

What is the tax rate in Wilmington Delaware?

Delaware Income Taxes The state of Delaware collects income taxes based on seven tax brackets, with rates ranging from 0% to 6.6%. Additionally, the city of Wilmington collects its own income tax, at a flat rate of 1.25%. For everyone who does not live or work in Wilmington, however, only the state tax is due.

What is the income tax rate in Delaware?

Delaware has a graduated tax rate ranging from 2.2% to 5.55% on income under $60,000. The maximum income tax rate is 6.60% on income of $60,000 or over.

What is the city tax exemption in Wilmington Delaware?

The City provides a property tax exemption up to $715.64 per year to homeowners aged 65 and over who qualify based on income. If you qualify, you also receive a discount on your water and sewer bills. Applications must be filed on or before April 30th.

Is Wilmington Delaware tax free?

Wilmington and the surrounding area is a shopping destination for Delaware residents and people visiting from nearby states. Tax-free shopping makes it more affordable to shop in Delaware and is one of the reasons the state is known for fantastic shopping centers and outlet malls.

What is the earned income tax in Wilmington Delaware?

The Earned Income Tax that is due is calculated as the product of 1.25 percent times the applicable wages or net profits on business income of the taxpayer.

Wcwt 5 form 2016-2025

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