State-by-State Guide to Taxes on Retirees

In 2013, state income tax rates range from a low of 2.46% to a high of 6.84% on income of more than $27,000 for single filers and more than $54,000 for joint filers. Income tax rates were lowered slightly in 2013, and changes in tax bracket ...

Where’s my refund?

Expecting an income tax refund?

You can find your IRS refund here. Have your social security number, filing status, and refund amount ready.

You can find your Nebraska refund here. Have your social security number and refund amount ready.

You can find your Iowa refund here. Have the tax year, social security number, and refund amount ready.

 

Internal Revenue Service (IRS)

Internal Revenue Service (IRS) (Photo credit: cliff1066™)

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In final year, Nebraska governor will push income tax cut

Nebraska Gov. Dave Heineman (R) will spend his last year in office pushing to reduce his state’s income and property taxes, a year after his effort to eliminate the personal income tax came up short. “The biggest issue, the most important issue in this ...

NE and IA Beginning Farmer Tax Credits

For landowners that have qualified tenants, the benefits of the beginning farmer tax credit can be huge. Both Iowa and Nebraska have significant beginning farmer tax credits that can serve to offset your state income taxes.

The Iowa beginning farmer tax credit is calculated as 5% of cash rents or 15% of gross revenue from crop shares. A qualified beginning farmer is one that has net worth under $366,324 and has adequate education, training, or experience in their area of farming. For more information visit http://www.iada.state.ia.us/BFTC/.

The Nebraska beginning farmer tax credit is calculated as 10% of cash rents or 15% of gross revenue from crop shares.  A qualified beginning farmer has farmed or ranched for less than 10 of the last 15 years, has a net worth of less than $200,000, and will provide the majority of the daily physical labor and management for the farm. For more information visit http://www.nda.nebraska.gov/beg_farmer/taxcp.html.

 

 

Attention Omaha Business Owners…

The Douglas County Assessor’s office will not be sending out pre-filled personal property tax returns this year. In an effort to reduce operational expenditures, these courtesy returns will no longer be sent out. However, they do have a free e-filing system that is up and running.

Your personal property tax is still due by May 1, so be sure to get online and get registered, or remind your accountant if they haven’t been watching this closely. The online services can be found here:

http://property.douglascounty-ne.gov/

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