Mentions of “PERSONAL INCOME TAX” — 3 found
… ears beginning on or after January 1, 2027. 2.The federal Child and Dependent Care Credit (CDCC) is a non-refundable personal income tax credit, reducing taxes by 20-50% of qualifying care expenses (up to $3,000 for one dependent or a maximum of $6,000 …
… or a maximum of $6,000 for two or more dependents). 3.Currently, a Delaware resident is entitled to a non-refundable personal income tax credit equal to 50% of the federal CDCC. This Act would double the existing credit, such that a Delaware resident w …
… CDCC. This Act would double the existing credit, such that a Delaware resident would be entitled to a non-refundable personal income tax credit equal to 100% of the federal CDCC. 4.In Tax Year 2023, approximately 19,850 Delaware households took advantag …