topic any idea why there is not a box to enter nebraska property owned tax credit in Deductions & credits

any idea why there is not a box to enter nebraska property owned tax credit

omahakeller5 — Tue, 03 Feb 2026 05:55:04 GMT

Re: any idea why there is not a box to enter nebraska property owned tax credit

CatinaT1 — Tue, 21 Jan 2025 15:38:59 GMT

In your Nebraska return, there is a specific place to enter this information under Taxes and Credits.

You will come to a screen that you can check a box that says Property Owned by an Individual Tax Credit. Here is where you will enter this information.

Re: any idea why there is not a box to enter nebraska property owned tax credit

omahakeller5 — Tue, 21 Jan 2025 15:51:42 GMT

Thanks for the response. I found the tab you described, however, there isa not a place to enter the school district tax. I only have the community college blank available.

Re: any idea why there is not a box to enter nebraska property owned tax credit

CatinaT1 — Tue, 21 Jan 2025 16:39:48 GMT

The Property Tax Credit now only includes the Nebraska Community College Property Tax paid. The Nebraska School District Property Tax Paid is no longer part of the credit.

Per the Nebraska Dept of Revenue:

Taxpayers can still claim refundable credits for school district property taxes paid between 2021 and January 2, 2024 and for community college property taxes paid after December 31, 2021.

The Nebraska Form PTC for 2024 that calculates the credit has changed and only reflects the amount of NE Community College Property Tax Paid:

Re: any idea why there is not a box to enter nebraska property owned tax credit

grizzlybaird_ — Sat, 08 Feb 2025 17:42:34 GMT

Nebraska passed LB 81 on January 30, 2025. This bill which allows for a one-time extension for the income tax credit program established in 2020 and designed to offset K-12 school taxes. This part of the credit is not available in Turbo Tax software currently and should be updated.

Re: any idea why there is not a box to enter nebraska property owned tax credit

CatinaT1 — Mon, 10 Feb 2025 13:56:18 GMT

From what I am understanding, the change will be reflected in the Nebraska Look Up Tool where it reports the credit amount. This is not something calculated on the tax return.

The bill added the term "allowable growth percentage" to determine the exact amount of tax credit eligible taxpayers can claim, potentially increasing the credit amount based on the state's property value growth.