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This version of the form is not currently in use and is provided for reference only. Download this version of
Form PIT-STC
for the current year.
Form PIT-STC Special Tax Computation for Lump Sum Distribution From Qualified Retirement Plan - Delaware
What Is Form PIT-STC?
This is a legal form that was released by the Delaware Department of Finance - Division of Revenue - a government authority operating within Delaware. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a PIT-STC Special Tax Computation?
A: PIT-STC stands for Personal Income Tax - Special Tax Computation. It is a special tax calculation for lump sum distributions from qualified retirement plans.
Q: What is a lump sum distribution?
A: A lump sum distribution is a one-time payment from a retirement plan, usually received when leaving a job or retiring.
Q: What is a qualified retirement plan?
A: A qualified retirement plan is a retirement savings plan that meets certain requirements set by the Internal Revenue Service (IRS), such as a 401(k) or an Individual Retirement Account (IRA).
Q: Who needs to file a PIT-STC Special Tax Computation?
A: Individuals who receive a lump sum distribution from a qualified retirement plan and live in Delaware may need to file a PIT-STC Special Tax Computation.
Q: What information is required for the PIT-STC Special Tax Computation?
A: You will need to provide details about the lump sum distribution, including the amount received, the date of distribution, and any rollovers or transfers.
Q: Are there any special tax rates for lump sum distributions?
A: Yes, the PIT-STC Special Tax Computation uses a separate tax rate schedule specifically designed for lump sum distributions.
Q: Are there any deductions or exemptions available for lump sum distributions?
A: No, the PIT-STC Special Tax Computation does not allow for any deductions or exemptions.
Form Details:
- Released on October 6, 2022;
- The latest edition provided by the Delaware Department of Finance - Division of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form PIT-STC by clicking the link below or browse more documents and templates provided by the Delaware Department of Finance - Division of Revenue.
