ErnieS0
Expert Alumni

Deductions & credits

Yes Nebraska has a Property Tax Incentive credit in the state section.

 

  1. In the Nebraska section, find the screen Any Nebraska Credits? Continue.
  2. Select Property Owned by an Individual Tax Credit
  3. Fill in your parcel information in Report Property Tax Information. TurboTax will generate Form PTC.

The Nebraska Property Tax Incentive Act provides a refundable income tax credit (credit) or credit against franchise tax imposed on financial institutions for any taxpayer who pays school district property taxes.

 

Learn more at: Nebraska Income Tax Credit for School District Taxes Paid

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