FILING TAXES

Democrats in the General Assembly are pushing for two new tax tiers that would raise rates for people making more than $125,00 a year.

DOVER, Del – A new bill introduced in the Delaware House could result in higher state income taxes for some people next year. House Bill 13, which is currently under review in the Revenue & Finance Committee, proposes adjustments to Delaware's tax brackets, including the creation of two new income tiers for higher earners.

Under current law, income over $60,000 is taxed at a rate of 6.6%. If passed, this bill would keep the 6.6% rate for individuals earning between $60,000 and $125,000. However, it adds the following new brackets for those with higher incomes:

  • Income over $125,000 to $250,000 would be taxed at 6.75%.
  • Income over $250,000 would be taxed at 6.95%.

The changes are slated to take effect for taxable years beginning after Dec. 31, 2025, pending the bill’s approval and signature into law.

Locations

Morning Broadcast Journalist

Matt co-anchors CoastTV News Today Monday through Friday from 5-7 a.m. and regularly produces and anchors CoastTV News Midday at 11 a.m. He was previously the sports director at WBOC from 2015-2019.

Recommended for you