The federal budget and taxes have a direct impact on the residents of Nebraska. OpenSky Policy Institute analyzes the impact federal changes will have on us here at home.
Today is Tax Day, the day when your income taxes are due. But today is also a reminder that those taxes pay for so many of the things that make our communities [...]
$363 million Assuming all remaining bills are passed on final reading and no vetoes, the state is projected to end FY 25 with $363 million in general funds above the state’s minimum [...]
244 We all know that school funding in Nebraska can be complex. With the Legislature committing additional funding to K-12 education in 2023 while implementing a new cap on school district revenues, [...]
When the U.S. Senate is back in session next week, senators are expected to consider a bipartisan tax bill passed by the U.S. House of Representatives that would expand the federal Child [...]
$146,200 When talking about taxes, we often divide Nebraskans into five groups based on income distribution. Statistically, the starting point for the 20% of top earners is about $146,000 in 2024 dollars, [...]
2 Two additional pieces of the governor’s plan to reduce property taxes paid to cities, counties and school districts will be discussed in today’s Revenue Committee hearing. LB 1414 adds a [...]
1 in 5 Today is National EITC Awareness Day, a chance to remind eligible workers of the Earned Income Tax Credit. The IRS has found that 1 in 5 eligible people do [...]
After Congress expanded the federal Child Tax Credit (CTC) in 2021, child poverty in the U.S. dropped to an all-time low of 5.2%. When the pandemic-era expansion ended, child poverty rebounded to [...]
80,000 Roughly 80,000 children in Nebraska families with low incomes would benefit from the proposed expansion of the federal Child Tax Credit. If approved, a married couple – with one parent earning [...]
155 Nebraska lawmakers introduced 155 measures in the first two days of the legislative session. Bill introduction continues through January 17 (Day 10). Among the bills introduced on Thursday was a proposal [...]