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Is Deferred Compensation subject to income tax in Delaware?

April 26, 2017compensation Deferred Delaware Subject

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Is Deferred Compensation subject to income tax in Delaware?

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A. The recommended withholding for payments of deferred compensation is 5%. If your company makes deferred compensation payments to Delaware residents, you should be registered as a withholding agent. A Combined Registration Application must be completed and mailed to the Division of Revenue, and appropriate withholding coupons will be mailed to you.