Why choose to live in Delaware, you might ask yourself. For many great reasons! Here are just a few of our favorites:
There are significant tax advantages! Beyond the fact that there is NO state sales tax, NO state tax on Social Security income, and NO personal property taxes, there are a wealth of tax credits and exclusions to be found here in Delaware. These include:
- PENSION EXLUSIONS. For each person 60 and over, up to $12,500 of pension and eligible retirement income are exempt from Delaware income taxes.
- SCHOOL TAX CREDIT. Each qualified homeowner 65 and older receives a Senior Citizen Property School Tax Credit of up to $500.
Delaware also boasts one of the lowest property tax burdens in the entire nation - the average Sussex…