What deductions and credits are available for Nebraska residents?

Nebraska residents are eligible for several deductions and credits when filing their state taxes. Some common deductions include the standard deduction, federal income tax deduction, and state income tax deduction. Additionally, eligible taxpayers may claim deductions for charitable contributions, property taxes, and mortgage interest. Nebraska residents can also benefit from various tax credits, such as the Nebraska Earned Income Credit, Child and Dependent Care Credit, and Education Savings Plan Trust Credit. Other available credits include the Nebraska Capital Gain Exclusion and the Nebraska Homestead Exemption Tax Credit. It is essential for residents to review the specific eligibility criteria and requirements associated with each deduction and credit to ensure they maximize their tax benefits.