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A resident employer or an employer having employees working within the City must withhold Wilmington income tax (1.5%) from all salaries, wages, commissions, bonuses, or other compensation paid to employees before any deductions. This is applicable for a business whose primary office is outside of the city limits, as well as those in the City.
A Corporation or Partnership may carry forward the loss and can offset it against its future income for up to five years. Net operating losses cannot be used to offset wages.
If the owner is a resident and the business is located inside of Wilmington city limits, then all income is subject to tax, regardless of where the work was performed. If the owner is a non-resident and the business is located inside of Wilmington city limits, then only the income earned from the business is...
Unearned income. ( Examples: Dividends, Capital Gains, Alimony, Military Pay, State Unemployment Benefits, Social Security, Welfare assistance, Pension or Retirement income.)
Earned income. (Examples: Salaries, Wages, Commissions, Bonuses and other compensation paid by employer(s) before any deductions. Gambling and lottery winnings Rental Property Income
You do not have to a Wilmington tax return if you work in Wilmington but live elsewhere. Exceptions to this: If you are a Federal employee working in the City of Wilmington and your city tax is not withheld, you must file a Wilmington tax return. If you are self-employed in the City of Wilmington...
