From Nebraska Department of Revenue <[email protected]>
Subject Reminder: The Nebraska Department of Revenue updated the Income Tax Estimated Payment Penalty Calculation to include the school district property tax credit allowed on the 2023 tax return in the calculation of penalty for underpayment of 2024 estimated taxes.
Date December 5, 2024 6:04 PM
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Nebraska Department of Revenue

Update (September 2024)–


* DOR revised the 2024 Form 2210N [ [link removed] ] and Form 2220N [ [link removed] ] to include the school district property tax credit allowed on the 2023 tax return to adjust the calculation of penalty for underpayment of 2024 estimated taxes.
* LB34 [ [link removed] ] enacted in the 2024 special session removed the school district property tax credit from the income tax returns effective January 1, 2024, and placed the credit directly on the property tax statements. The adjustment to Line 2 of the 2024 Form 2210N and Form 2220N takes this income tax credit repeal into consideration in the calculation of penalty for underpayment of estimated tax. Taxpayers will not need to file a Request for Abatement of Penalty, Form 21, if you make the adjustment on line 2 of the 2024 Form 2210N or Form 2220N as instructed.
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