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  • Form 458 Schedule 1

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Ome: January 1 through December 31, 2013 1 Federal adjusted gross income (AGI): Federal Form 1040, line 37; Federal Form 1040A, line 21; or Federal Form 1040EZ, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Social Security retirement income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 I Railroad Retirement income (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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In Nebraska, a homestead exemption is available to the following groups of persons: • Persons over the age of 65; • Qualified disabled individuals; or • Qualified disabled veterans and their widow(er)s. Some categories are subject to household income limitations and residence valuation requirements.

Residents must report all income to Nebraska, and will receive a credit for taxes paid to other states by completing Form 1040N and Nebraska Schedule I. Nonresidents and partial-year residents must file a Form 1040N and a Nebraska Schedule I to compute the Nebraska tax due.

What Is the Nebraska Homestead Exemption? The Nebraska homestead exemption is a tax relief program that takes some of the cost of property taxes off of certain homeowners. It was enacted to help certain groups of individuals who may not have a regular income and that may need financial relief.

For the first year of filing, a Certification of Disability for Homestead. Exemption, Form 458B (available from the county assessor), is required. The Nebraska Schedule I – Income Statement must be filed each year.

The maximum exempt amount is the greater of the taxable value of the homestead up to $40,000, or 100% of the county's average assessed value of a single family residential property.

** The percentage of exemption relates to the assessed value of the homestead. The maximum exempt amount is the taxable value of the homestead up to $40,000 or 100% of the county's average assessed value of single family residential property, whichever is greater.

Who Must File. This Form 458 Schedule I must be filed by persons applying for a homestead exemption, who are not filing as a veteran drawing compensation from the Department of Veteran's Affairs (DVA) or as a paraplegic veteran or multiple amputee whose home was substantially contributed to by the DVA.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232