As the 2022 filing season is quickly approaching, we would like to remind you of Nebraska's important tax changes.
What's new for credits?
Credit for Nebraska School District and Community College Property Taxes - This refundable credit is available to any taxpayer who paid school district and community college property taxes.
Stillborn Child Refundable Tax Credit - $2,000 refundable tax credit to the parent of a stillborn child in the year the stillbirth occurred.
What's new for deductions?
Provisions changed relating to the taxation of military retirement benefits - This new act "provides that all military retirees may exclude 100% of the military retirement benefits from the income subject to Nebraska income tax to the extent included in federal AGI beginning with tax years 2022." (instructions)
Deduction for Firefighter Cancer Benefits Act - Starting with the 2022 tax year, this Act allows federal Adjusted Gross Income to be reduced by the amount received by or on behalf of a firefighter for cancer benefits under the Firefighter Cancer Benefits Act to the extent included in federal AGI.
Teach in Nebraska Today Act - "The Act provides an income tax deduction from federal AGI for student loan repayment assistance received under the Act, to the extent included in federal AGI." (instructions)