Nebraska Department of Revenue, Nebraska Tax

Nebraska Business Corporate Tax, Nebraska Personal Income Tax, Nebraska Sales Tax Rates

What is the Nebraska corporate net income tax rate(s)?

What is the Nebraska personal net income tax rate(s)?

What is the average Nebraska sales tax rate(s)?

6.5% The state has a 5.5% tax, but the average local tax is 1% making a total of 6.5%

Are there standard deductions?

Single:  $5,450
Joint:  $10,900

Are there personal exemptions?

Single:  $106
Dependants:  $106

What forms do you file for your Nebraska taxes?

C corporations:   Form 1120N
S corporations:  Form 1120-SN
Partnerships:  Form 1065N
Individual:  Form 1040N

Estimated tax payments?

Form 1120N-ES must be filed for corporations owing more than $400 in tax on the previous year. Nebraska follows the IRS standards for estimated payments. If you personally, will owe $500 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won't make as much in the current year.

Nebraska Department of Revenue:

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