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'This is a big deal': Ricketts urges Nebraskans to claim new tax credits

Ricketts said an average Nebraska homeowner would get a tax cut of around $1,000
Posted at 10:02 AM, Sep 15, 2022

Write-through 6:11 p.m.

The Nebraska Legislature has been passing tax cuts for the last several years and Thursday, Governor Pete Ricketts urged Nebraskans to make sure they’re getting their money back.

The Unicameral passed a property tax package in 2020 and then added on to that this past year.

The new law allows folks to get back a portion of their property taxes when they file their income taxes. Ricketts said an average Nebraska homeowner would get a tax cut of around $1,000.

"That's a house payment," said Ricketts.

Ricketts urged people to go to the Nebraska Department of Revenue website, saying Nebraskans can even amend a return and get back money from past years.

“It’s going to be up to the taxpayer to make sure you box and put it in the proper data to be able to get your income tax credit. But this is a big deal. We want people to get this income tax credit to take money off your property taxes,” said Ricketts.

Nebraska Tax Commissioner Tony Fulton said 40% of the property tax credit money has yet to be claimed.

Other tax cuts the legislature passed include a phase-out of social security and military taxes.

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