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ladysheline1
New Member

Is there any tax breaks for registered native Americans

 
3 Replies
hnw1013
New Member

Is there any tax breaks for registered native Americans

There seems to be some changes to the system. How would I report the tax break for Native Americans on Mississippi taxes.
ritamlarney
New Member

Is there any tax breaks for registered native Americans

How do I enter royalty from gas and oil on restricted Indian land that is tax exempt?
PatriciaV
Expert Alumni

Is there any tax breaks for registered native Americans

Yes. As a Native American (or Alaskan Native), you are eligible for the following:

  • Federal income taxes are not levied on income from trust lands held for Native Americans by the U.S.
  • State income taxes are not paid on income earned on a federal Indian reservation.
  • State sales taxes are not paid by Indians on transactions made on a federal Indian reservation.
  • Local property taxes are not paid on reservation or trust land.

Here are the instructions on how to report the State Income Tax wage exemption in TurboTax:

  1. When you finish the Federal Taxes section, click State Taxes in the TurboTax header.
  2. Begin the state tax return interview.
  3. Continue to the page titled "Here's the income that XXXX handles differently"
  4. Click Start/Revisit beside "Tribal Income"
  5. Choose your Tribe Name and enter the amount of tribal income to exclude. See the blue link "nonbusiness tribal income" for help.
  6. If your tribe is NOT on the drop-down list, it may not have a tax agreement with your State. Contact your local tribe representative for more info.
  7. Complete the state interview to save your entries.

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