Legislation Introduced to Provide Middle Class Tax Relief for Working Delawareans

Statement

Governor John Carney on Monday announced that House Bill 89, sponsored by Representative Paul Baumbach and Senate Pro Tem Dave Sokola, was introduced in the House of Representatives. House Bill 89 increases the standard deduction for personal income taxes by 75 percent in Tax Year 2024, and increases the refundable Earned Income Tax Credit (EITC) to 7.5 percent of the federal credit for Tax Year 2023. The legislation also adjusts the income thresholds for personal income tax to adjust for these increases. Governor Carney announced this tax relief package his Fiscal Year 2024 recommended budget earlier this year.

"Increasing the standard deduction as well as the Earned Income Tax Credit will help thousands of working families in Delaware lift take-home pay -- and help pay for child care, education, medical bills, and other expenses that we know can grow each year," said Governor Carney. "This legislation will help working Delaware families, and provide a real benefit for the middle class. We are pleased to partner with Representative Baumbach and Senator Sokola on this legislation, and we hope that all members of the General Assembly will join us in making this a priority."

Source