Nebraska Individual Income Tax
Rates for Tax Year 2005
| Single Taxpayers | |||
|---|---|---|---|
| If taxable income is: | |||
| over | but not over | The Nebraska tax is: | |
| $0 | $2,400 | 2.56% of taxable income | |
| 2,400 | 17,000 | $61.44 + | 3.57% of the excess over $2,400 |
| 17,000 | 26,500 | $582.66 + | 5.12% of the excess over $17,000 |
| 26,500 | ----- | $1,069.06 + | 6.84% of the excess over $26,500* |
| $103 personal exemption credit is phased out beginning at $73,000 AGI | |||
| Married Taxpayers Filing Joint Returns and Surviving Spouses | |||
|---|---|---|---|
| If taxable income is: | |||
| over | but not over | The Nebraska tax is: | |
| $0 | $4,000 | 2.56% of taxable income | |
| 4,000 | 30,000 | $102.40 + | 3.57% of the excess over $4,000 |
| 30,000 | 46,750 | $1,030.60 + | 5.12% of the excess over $30,000 |
| 46,750 | ----- | $1,888.20 + | 6.84% of the excess over $46,750* |
| $103 personal exemption credit is phased out beginning at $122,000 AGI | |||
| Married Taxpayers Filing Separate Returns | |||
|---|---|---|---|
| If taxable income is: | |||
| over | but not over | The Nebraska tax is: | |
| $0 | $2,000 | 2.56% of taxable income | |
| 2,000 | 15,000 | $51.20 + | 3.57% of the excess over $2,000 |
| 15,000 | 23,375 | $515.30 + | 5.12% of the excess over $15,000 |
| 23,375 | ----- | $944.10 + | 6.84% of the excess over $23,375* |
| $103 personal exemption credit is phased out beginning at $61,000 AGI | |||
| Head of Household | |||
|---|---|---|---|
| If taxable income is: | |||
| over | but not over | The Nebraska tax is: | |
| $0 | $3,800 | 2.56% of taxable income | |
| 3,800 | 24,000 | $97.28 + | 3.57% of the excess over $3,800 |
| 24,000 | 35,000 | $818.42 + | 5.12% of the excess over $24,000 |
| 35,000 | ----- | $1,381.62 + | 6.84% of the excess over $35,000* |
| $103 personal exemption credit is phased out beginning at $101,000 AGI | |||
*If adjusted gross income is $145,950 or more ($72,975 if married filing separate), Nebraska allowed deductions are reduced and marginal tax rates are phased out (see the Nebraska Additional Tax Rate Schedule for 2005 - page 29).