Form 200-03 Ez - Delaware Individual Resident Income Tax Return

200-03 FORM EZ 2004 INSTRUCTIONS

You CAN use this form ONLY if:

Line 8 - Compute your tax using the taxable income (Line 7). You MUST

Your filing status is SINGLE, JOINT, HEAD OF HOUSEHOLD,

use the tax tables if Line 7 is under $60,000 or, the tax rate

DIVORCED OR WIDOW(ER) on December 31, 2004.

schedule if Line 7 is $60,000 or over.

Your income is entirely from wages, salaries, tips, unemployment com-

Line 9a - PERSONAL CREDITS - Enter the number of exemptions claimed

pensation, pension, and interest. Interest income must be $1,500 or less.

on your federal return. Multiply number by $110 and enter on

You elect to take the Standard Deduction.

Line 9a.

You are a full-year resident or part-year resident electing to file as a

NOTE:

If you are claimed as a dependent on another person’s return you

full-year resident.

CANNOT take a personal credit on your Delaware return. Enter

Your tax credits are limited to personal credits, a credit for taxes

“0” on Line 9a.

paid to another state, Delaware withholding and estimated tax

Line 9b- ADDITIONAL PERSONAL CREDITS - If you or your spouse were

payments. The Firefighter Credit cannot be taken on this form.

60 years of age or older on December 31, 2004.

Please have your federal income tax return completed before

1. Check the appropriate box(es) on Line 9b.

completing your Delaware return. Your federal return will be used

2. Enter the total number of box(es) checked and multiply this

to prepare your Delaware return. You must also have your other state

number by $110. Enter total on Line 9b.

return(s) completed in order to enter the correct amount on Line 10 (if

Line 10 - Other State Tax Credit - If you are a resident of Delaware (or elect

entitled). DO NOT enter the amount paid to another state from your

to be taxed as one) and pay income tax to another state which is

W-2s. YOU MUST use the amount from your other state return(s) and

also included in your Delaware taxable income, the law allows you

include a copy with this return in order to take a credit on Line 10.

a tax credit against your Delaware income tax. Do not include

city wage taxes or county taxes payable with your

LINE-BY-LINE INSTRUCTIONS

other state return. See page 7 of the Delaware Resident

Line 1 - Enter the amount from Federal Form 1040EZ, Line 4; Federal Form

Instruction Booklet for additional information.

1040A, Line 21; Federal Form 1040, Line 36; or telefile form Line I.

Line 12 - Subtract Line 11 from Line 8 to determine the balance of the tax

Line 2 - PENSION EXCLUSION - Amounts received as pensions from

liability. If Line 11 is more than Line 8, enter “0” (zero).

employers (including pensions of a deceased individual) may

Line 13 - Enter total amount of Delaware State Income tax withheld from

qualify for an exclusion from Delaware taxable income, subject to

your W-2 and 1099R Form(s). Do not include other state or

the limitations described below.

local taxes withheld from your W-2 on this line.

NOTE: A taxpayer is entitled to ONLY ONE exclusion when receiving more

Line 14 - ESTIMATED TAX - Enter total quarterly estimated tax payments

than one pension. A husband and wife who both receive pensions are each

for 2004 including any credit carryover from your 2003 return. To

entitled to an exclusion. A pension exclusion CANNOT exceed the total of

receive credit for fourth quarter estimated tax payments, they must

pension and other qualified retirement income claimed as income on Line 1.

have been made by January 18, 2005. Also, enter the amount

paid with Form 1027 (Automatic Extension) on this line. See page

Age

Amount of Exclusion

4 of the Delaware Resident Instruction Booklet for more

information regarding the requirement to file Estimated Taxes.

Under 60

$2,000 or amount of pension (whichever is less)

Also on page 4 is information regarding penalties for the failure to

file Estimated Taxes.

60 or over

$12,500 or amount of pension and eligible retirement

income (whichever is less)

Line 18 - If you wish to contribute a donation to one or more of these

worthwhile funds, enter the amount(s) in the appropriate box(es).

RETIREMENT - NON-PENSION INCOME - Delaware Tax Law

The minimum amount of contribution is $1.00. Enter the total

authorizes an exclusion of up to $12,500 from eligible retirement

of all contributions on Line 18.

income for individuals age 60 or older. Eligible retirement income

Line 19 - If you wish to apply a portion of your overpayment to your 2005

will include dividends, interest, capital gains, net rental income and

Delaware Estimated Tax Account, enter the amount to be applied

many qualified retirement plans (IRC Sec. 4974), such as IRAs and

on Line 19.

Keogh plans, and government-deferred compensation plans. If you

have eligible retirement income, other than interest, you must file

NOTE:

An amount entered on Line 19 will reduce the amount of your

overpayment refunded to you.

Form 200-01. See the information on an early distribution from an

IRA or Pension Fund and the Pension Exclusion example instruction

Line 20 - If you owe penalties and interest you may choose to compute the

on page 9 in the instruction booklet.

amount of penalties and interest due, or you may leave Line 20

NOTE: Individuals 60 years of age or over with income of less than

blank and the Division of Revenue will calculate the amount and

$10,000 on Line 3 should consider filing Form 200-01 if they qualify

send you a bill. (See instruction booklet, pages 4 and 5).

for the “60 or Over or Disabled” Exclusion (see instruction booklet,

Line 21 - If you have a Balance Due on Line 16, add Lines 16, 18 and 20.

Page 10, Line 37).

Enter the total on Line 21 and pay in full.

Line 4 - Enter your standard deduction as follows:

Line 22 - If you do not have a balance due or a refund due, enter “0” (Zero)

$3,250 - Single, Divorced, Widow(er), Head of Household

on Line 22. If you have an overpayment on Line 17, subtract

$6,500 - Married Filing Joint

Lines 18, 19 and 20 from Line 17. Enter the amount of

Line 5 - Enter the total from the worksheet below on Line 5.

overpayment to be refunded to you on Line 22.

Direct Deposit Information

ADDITIONAL STANDARD DEDUCTION WORKSHEET

Complete the Direct Deposit Information section if you want the

65 or

No. Boxes

amount shown on Line 22 to be directly deposited into your bank

Check if:

over

Blind

Checked

Amount

account. You can check with your financial institution to make

sure your deposit will be accepted and to get the correct routing

You are

X 2,500 =

and account numbers. Detailed instructions are included in the

Spouse is

X 2,500 =

Delaware Resident Instruction Booklet. Note: If your refund is

adjusted by $10.00 or more, a paper check will be issued and

Total

mailed to the address on your return.

Sign and date the return. Keep a copy of your return for your records.

Line 7 - Subtract amount on Line 6 from amount on Line 3 and enter.

NET BALANCE DUE (LINE 21):

NET REFUND (LINE 22):

ZERO (LINE 22):

DELAWARE DIVISION OF REVENUE

P.O. BOX 508

P.O. BOX 8765

P.O. BOX 8711

WILMINGTON, DE 19899-0508

WILMINGTON, DE 19899-8765

WILMINGTON, DE 19899-8711

MAKE CHECK PAYABLE TO : DELAWARE DIVISION OF REVENUE

(Rev 11/29/04)

REMEMBER TO ATTACH APPROPRIATE SUPPORTING SCHEDULES WHEN FILING YOUR RETURN

(Rev 08/17/04)

Form 200-03 Ez - Delaware Individual Resident Income Tax Return - 2004 Page 2

Related Articles

Related forms

Related Categories