WHAT
Nebraska Child Care Tax Credit for Working Parents (Effective Immediately for 2024 Taxes)
WHEN
If you believe you are eligible, please FILE NOW. The credit is first-come, first-served with a limit of $15 million in payouts.
WHO
Eligibility:
- At least one child 5 years or younger on December 31, 2024
- Household Income must not exceed $150,000
- We recommend using AGI from last year’s tax return when completing online forms
- Must use a licensed childcare facility or approved license-exempt provider (see childcare roster)
- Amount is $2,000 per qualifying child if income $75,000 or less
- $1,000 per qualifying child if income is between $75,001 and $150,000
HOW
- The Child Care Refundable Tax Credit Application, Form 7203, can be filed electronically using DOR’s Electronic Document and Submission Hub (eDASH).
- Upon successful submission of Form 7203, the Nebraska Department of Revenue will notify taxpayers of the acceptance of their application within 10 days via email.