Delaware Form 200-ES is required for any individual, resident or non-resident, whose expected Delaware income tax liability exceeds $400 for the year. This includes self-employed individuals, freelancers, investors, and anyone whose income is not subject to withholding. Farmers and fishermen who receive at least two-thirds of their income from those activities may qualify to make a single annual payment instead of four installments.
Estimated tax payments are due in four installments on April 30, June 30, September 30, and January 15 of the following year. If you miss an installment or underpay, the Delaware Division of Revenue may assess an underpayment penalty. You can avoid the penalty by paying at least 100% of your prior year Delaware tax liability or 90% of your current year liability, whichever amount is smaller.
To calculate your estimated tax, start with your expected adjusted gross income for the year. Subtract your personal exemptions and allowable deductions, then apply Delaware state tax rates to the result. Divide that amount into four equal quarterly payments. If your income or deductions change during the year, you may file a revised Form 200-ES to adjust the amounts of your remaining installments.
Payment options include a check payable to the Delaware Division of Revenue or electronic payment through the state agency's online portal. For related Delaware tax filings, you may also need the Delaware Form 1027 or the Delaware Form 321. Taxpayers in other states can compare requirements using the West Virginia estimated tax form or the federal estimated tax form.
| Question | Answer |
|---|---|
| Form Name | Delaware Form 200-ES |
| Form Length | 2 pages |
| Fillable? | Yes |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | delaware form 200 es 2018, delaware form 200 es, delaware paper coupon form 200 es |