What is the Delaware Pension Exclusion?

The Delaware Pension Exclusion is a subtraction that reduces Delaware taxable income.

If you're 60 or older you can subtract up to $12,500 of employer pension income and other types of eligible retirement income.

If you're under 60 and you receive a military pension you can subtract up to $12,500 of employer pension income.

If you're under 60 and you receive a non-military pension you can subtract up to $2,000 of employer pension income.