Nebraska

Nebraska top income tax rate is 4.55% for TY2026

“(v) 4.55% for taxable years beginning or deemed to begin on or after January 1, 2026, and before January 1, 2027;”

Note: Statutorily scheduled reduction in Neb. Rev. Stat. §77-2715.03(2)(c), clause (v). Verbatim clause extracted from nebraskalegislature.gov. Applies to the top bracket (above $77,730 MFJ for TY2025; TY2026 thresholds CPI-indexed). TY2027 top rate is 3.99%.

Nebraska top income tax rate is 5.20% for TY2025 (falling to 4.55% TY2026, 3.99% TY2027)

“(iv) 5.20% for taxable years beginning or deemed to begin on or after January 1, 2025, and before January 1, 2026;”

Note: Neb. Rev. Stat. §77-2715.03(2)(c) enumerates the top-bracket rate by year; clause (iv) sets the TY2025 top rate at 5.20% (above $77,730 MFJ). Verbatim clause extracted from nebraskalegislature.gov. Scheduled reductions in the same subsection: 4.55% (TY2026, clause (v)); 3.99% (TY2027).

Nebraska top income tax rate is 5.84% for TY2024

“5.84% for taxable years beginning or deemed to begin on or after January 1, 2024, and before January 1, 2025.”

Note: TY2024 top rate per the scheduled reductions in Neb. Rev. Stat. §77-2715.03; fell to 5.20% in TY2025.

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

NE taxes out-of-state muni bond interest; NE bonds exempt Neb. Rev. Stat. §77-2716(1)(c)

“There shall be added interest or dividends received by the owner of obligations of the District of Columbia or of any state other than Nebraska or of any political subdivision or authority of such district or state to the extent such interest or dividends are not subject to federal income tax.”

NE taxes out-of-state muni bond interest; NE bonds exempt Neb. Rev. Stat. §77-2716(1)(c)

“There shall be added interest or dividends received by the owner of obligations of the District of Columbia or of any state other than Nebraska or of any political subdivision or authority of such district or state to the extent such interest or dividends are not subject to federal income tax.”

Nebraska conforms to IRC §1400Z-2 QOZ gain deferral and exclusion

“Any reference to the laws of the United States shall mean the provisions of the Internal Revenue Code of 1986, and amendments thereto, other provisions of the laws of the United States relating to federal income taxes, and the rules and regulations issued under such laws, as the same may be or become effective, at any time or from time to time, for the taxable year.”

Note: Neb. Rev. Stat. §77-2714 establishes rolling IRC conformity: Nebraska adopts federal IRC as amended for the current taxable year. Rolling conformity language 'as the same may be or become effective' for each taxable year incorporates §1400Z-2 QOZ provisions automatically. Verbatim text extracted from nebraskalegislature.gov.

Nebraska conforms to IRC §1202 QSBS gain exclusion via rolling IRC conformity (§77-2714 adoption date definition)

“The Internal Revenue Code of 1986, as amended, shall mean the federal Internal Revenue Code as it exists on the Internal Revenue Code adoption date and as the code is amended after such date.”

Note: Neb. Rev. Stat. §77-2714 defines 'Internal Revenue Code' as the code as it exists on the IRC adoption date and as amended after such date, establishing NE's rolling IRC conformity. QSBS exclusion under IRC §1202 is incorporated absent an explicit addback in §77-2716.

Nebraska subtraction for U.S. obligation interest requires exemption from state income taxation under federal law; FNMA and FHLMC have no such federal bondholder exemption

“There shall be subtracted from federal adjusted gross income any interest or dividends on obligations of the United States and its territories and possessions or of any authority, commission, or instrumentality of the United States to the extent exempt from state income taxes under the laws of the United States.”

Note: Neb. Rev. Stat. §77-2716(1)(a) requires the income be 'exempt from state income taxes under the laws of the United States.' FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) have no bondholder exemption statute. No NE DOR named-entity publication found; confidence: medium.

Nebraska top income tax rate is 5.20% for TY2025 (falling to 4.55% TY2026, 3.99% TY2027)

“(iv) 5.20% for taxable years beginning or deemed to begin on or after January 1, 2025, and before January 1, 2026;”

Note: Neb. Rev. Stat. §77-2715.03(2)(c) enumerates the top-bracket rate by year; clause (iv) sets the TY2025 top rate at 5.20% (above $77,730 MFJ). Verbatim clause extracted from nebraskalegislature.gov. Scheduled reductions in the same subsection: 4.55% (TY2026, clause (v)); 3.99% (TY2027).

U.S. Treasury interest exempt from Nebraska income tax: 31 U.S.C. §3124(a) prohibits state taxation of U.S. government obligations

“Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax.”

Note: 31 U.S.C. §3124(a) preempts state income taxation of U.S. government obligations. Covers T-bills, T-notes, T-bonds, TIPS, and I-bonds. Most states allow a deduction or subtraction by statute cross-referencing this federal preemption.

FHLB and FFCB bond interest exempt from Nebraska income tax: federal enabling statutes mandate state tax exemption

“Any security issued under this chapter by a Federal home loan bank, including the stock thereof, shall be exempt from taxation, except taxes upon real estate, by any State, county, municipality, or local taxing authority.”

Note: 12 U.S.C. §1433 (FHLB) and 12 U.S.C. §2023 (FFCB/Farm Credit Act) both mandate state tax exemption for securities issued under their chapters. Contrasts with FNMA (12 U.S.C. §§1719(e), 1723a(c)) and FHLMC (12 U.S.C. §1455(a)) which have no bondholder exemption statute and whose interest is taxable by income-tax states.

Farm Credit Act: notes, bonds, debentures, and other obligations of Farm Credit Banks are instrumentalities of the United States exempt from all State, municipal, and local taxation

“The mortgages held by the Farm Credit Banks and the notes, bonds, debentures, and other obligations issued by the banks shall be considered and held to be instrumentalities of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and local taxation, other than Federal income tax liability of the holder thereof under the Public Debt Act of 1941 (31 U.S.C. 3124).”

Note: 12 U.S.C. §2023 explicitly covers 'the income therefrom' (i.e., interest payments to bondholders), exempting it from all State and local taxation. The only carve-out is federal income tax on the holder. Parallel to 12 U.S.C. §1433 (FHLB Act), which exempts FHLB securities from state taxation. Together §1433 and §2023 mandate state and local tax exemption for both FHLB and FFCB bond interest. Shared across all jurisdictions: a single object reference satisfies buildCitationIndex() identity check.

IRC §1212(b): capital losses carry forward only for non-corporate taxpayers; no carryback

“In the case of a taxpayer other than a corporation, if there is a net capital loss for any taxable year: (1) the excess of the net short-term capital loss over the net long-term capital gain for such year shall be a short-term capital loss in the succeeding taxable year, and (2) the excess of the net long-term capital loss over the net short-term capital gain for such year shall be a long-term capital loss in the succeeding taxable year.”

Note: IRC §1212(b) limits non-corporate taxpayers to carrying losses forward only ('succeeding taxable year'). IRC §1212(a), which allows a 3-year carryback, applies only to corporations. For conformity states, the federal carryforward amount flows to the state return unchanged.

Nebraska top income tax rate is 5.20% for TY2025 (falling to 4.55% TY2026, 3.99% TY2027)

“(iv) 5.20% for taxable years beginning or deemed to begin on or after January 1, 2025, and before January 1, 2026;”

Note: Neb. Rev. Stat. §77-2715.03(2)(c) enumerates the top-bracket rate by year; clause (iv) sets the TY2025 top rate at 5.20% (above $77,730 MFJ). Verbatim clause extracted from nebraskalegislature.gov. Scheduled reductions in the same subsection: 4.55% (TY2026, clause (v)); 3.99% (TY2027).

Nebraska inheritance tax: Class 1 (immediate relatives) 1% over $100,000; Class 2 (remote relatives) 11% over $40,000; Class 3 (others) 15% over $25,000 (TY2025)

“one percent of the clear market value of the property received by each person in excess of one hundred thousand dollars”

Note: Rates and thresholds per LB310 (enacted 2022, effective January 1, 2023). Class 1 (parents, grandparents, siblings, children, adopted children, lineal descendants, spouses): 1% over $100,000 (Neb. Rev. Stat. § 77-2004). Class 2 (uncles, aunts, nieces, nephews by blood/adoption and their spouses): 11% over $40,000 (§ 77-2005). Class 3 (all others): 15% over $25,000 (§ 77-2006). Additional exemption for beneficiaries under age 22. URL resolves to a range display covering §§77-2001 through 77-2040; §77-2004 is within this range.

Nebraska income tax: MFJ bracket thresholds are exactly double Single thresholds (marriage neutral)

“Single: $0 $4,030 2.46% of Nebraska Taxable Income... 38,870 ;; $1,543.28 + 5.20% of the excess over $38,870 ; MFJ: $0 $8,040 2.46%... 77,730 ;; $3,086.10 + 5.20% of the excess over $77,730”

Note: Nebraska Form 8-460 TY2025: each MFJ threshold ($8,040 / $77,730) is exactly double the single threshold ($4,030 / $38,870) at the same marginal rates, so the schedule is marriage neutral.

Nebraska Uniform Community Property Disposition at Death Act short title (effective July 19, 2024)

“Sections 30-4701 to 30-4715 shall be known and may be cited as the Uniform Community Property Disposition at Death Act.”

Note: Nebraska enacted the Uniform Community Property Disposition at Death Act (LB 1015, eff. July 19, 2024). Nebraska is a common-law property state. The Act recognizes and preserves the community property character of assets when a married couple relocates from a community property state.

Nebraska conforms to the federal capital-loss base; treatment of an imported pre-residency section 1212 carryforward is a structural inference

“The following adjustments to federal adjusted gross income or, for corporations and fiduciaries, federal taxable income shall be made for interest or dividends received:”

Note: Neb. Rev. Stat. §77-2716 makes its adjustments to federal adjusted gross income, so Nebraska starts from the federal base and the section 1212 capital-loss carryover flows through. No published guidance addresses the imported pre-residency carryforward; that piece stays a structural inference.