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Category: Nebraska
24 Articles
Orange arrow Am I Eligible for the Nebraska Community Development Assistance Act Credit?

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  Who Must File. Any eligible claimant must file the Nebraska Community Development Assistance Act Credit Computation, Form CDN, to claim a credit. When and Where to File. This computation must be completed and attached to the income or financial institution tax return filed with the Nebraska D...
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Orange arrow How Do Nebraska Part Year and Nonresidents Calculate Tax?

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  The calculation of tax for nonresidents and partial-year residents is not a matter of simply determining Nebraska source income and calculating tax based on that income. Nonresidents and partial-year residents must calculate a tentative tax based on all income, and then determine actual tax liabili...
Posted in: States, Nebraska

Orange arrow How is Nebraska Underpayment Penalty Determined?

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  Estimated Income Tax Payments and Penalty for Underpayment of Estimated Income Tax. You may owe a penalty if your estimated income tax payments did not total at least: 90% of the tax shown on your 2021 Nebraska return; or 100% of the tax shown on your 2020 return; or 110% of the tax shown o...
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Orange arrow Nebraska Form 3800N Credit

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  Purpose. The purposes of the Nebraska Incentives Credit Computation, Form 3800N, are to: • Identify the incentive program for which each tax credit is claimed; • Identify the amount of tax credits used from each program; • Identify the specific project from which the tax cred...
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Orange arrow What Form Will I Get For A Nebraska Beginning Farmer Credit?

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  Beginning Farmer Exemption for Personal Property The Beginning Farmer Tax Credit Act provides an exemption of personal property tax for tangible personal property that is used in a qualifying beginning farmer’s or livestock producer’s operation. The personal property exemption is limit...
Posted in: States, Nebraska

Orange arrow What is the Nebraska Previous Bonus Depreciation Add Back Deduction Rate?

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  For bonus depreciation added-back in tax years 2000 through 2002, twenty percent (20%) of the total amount may be subtracted in the first taxable year beginning or deemed to begin on or after January 1, 2005, and twenty percent in each of the four following taxable years. For bonus depreciation an...
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Orange arrow How Do I Calculate Nebraska Enhanced Section 179 Expense Addback?

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  For bonus depreciation added-back in tax years 2000 through 2002, twenty percent (20%) of the total amount may be subtracted in the first taxable year beginning or deemed to begin on or after January 1, 2005, and twenty percent in each of the four following taxable years. For bonus depreciation an...
Posted in: States, Nebraska

Orange arrow What Are Some of the Nebraska Adjustments Increasing Federal AGI?

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  Interest Income from All State and Local Obligations Exempt from Federal Tax. List the type of interest income from a state or local obligation exempt from federal tax on line 1a, Schedule I and the associated amount on line 1b. Then calculate the total by adding all amounts on lines 1b. Attach a s...
Posted in: States, Nebraska

Orange arrow How Do I Quaify For the Nebraska Special Capital Gains/Extraordinary Dividends Deduction?

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  NEBRASKA SPECIAL CAPITAL GAINS/EXTRAORDINARY DIVIDEND DEDUCTION This deduction is available only to Nebraska residents. Nonresidents do not qualify for this deduction. Enter the amount of the special capital gain or extraordinary dividend. Refer to the Special Capital Gains Election and Computatio...
Posted in: States, Nebraska

Orange arrow Who Should File a Nebraska Credit for Taxes Paid to Another State?

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  Tax Due and Paid to Another State. (NE Schedule II) Refer to the Conversion Chart. Enter the amount shown on the return filed with the other state as tax paid to that state. Do not enter the total of the other state’s tax withheld. For tax paid to a political subdivision of another state tha...
Posted in: States, Nebraska

Orange arrow How Can I Amend my Nebraska State Taxes?

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  Amended Return, Form 1040XN.If information on a previously filed Nebraska income tax return is incorrect, you must file an Amended Nebraska Individual Income Tax Return, Form 1040XN. When filing Form 1040XN remember: 1. Changes made by the IRS or another state must be reported to the Department wit...
Posted in: States, Nebraska

Orange arrow How Can I Contact the State of Nebraska About my Taxes?

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  Contact Nebraska Taxpayer Assistance at 1-800-742-7474....
Posted in: States, Nebraska

Orange arrow How Can I File for an Extension for my Nebraska State Taxes?

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  A Nebraska Extension of Time. DOR accepts the federal extension of time to file. It is only necessary to file a Nebraska extension of time if you are making a tentative tax payment or when a federal extension is not filed. An extension of time to file does not stop the accrual of interest on unpa...
Posted in: States, Nebraska

Orange arrow How Can I Determine if I am a Resident of Nebraska?

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  Resident. A resident is an individual whose domicile is in Nebraska, or an individual who is physically present in this state and maintains a permanent place of abode within this state for an aggregate of more than six months. Nebraska residency will be determined by Nebraska law. If an individual ...
Posted in: States, Nebraska

Orange arrow Who is Required to File a Nebraska Tax Return?

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  Who Must File? A Nebraska resident who: Is required to file a federal individual income tax return reporting a federal tax liability before credits; or Has $5,000 or more of net Nebraska adjustments to federal AGI including non-Nebraska state and local bond interest exempt from federal tax (s...
Posted in: States, Nebraska


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