High Tax Refund May Come To Nebraska - FOX 42: Omaha News, Sports and Weather; kptm.com |

High Tax Refund May Come To Nebraska

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Leah Uko

OMAHA (KPTM)- People under the poverty line in Nebraska may get a little extra back this year after filing their taxes.

The Nebraska state Senate is talking about increasing the state's earned income tax credit.

The money to pay for the increase would come from tax dollars.

However, members of the senate's revenue committee decided not to vote on whether to raise the state earned income tax credit today.

If the LB596 passes Nebraska's federal earned income tax credit would increase from 10 percent to 13 percent, for individuals below Nebraska's poverty line, which is roughly a family of 4 that makes 23 thousand dollars a year.

Edward Leahy, the director of Omaha Earned Income Tax Credit Coalition said he sees first hand that people spend the money they earn in refunds.

"And when that money is spent in our community, it stays in our community. It creates jobs, it supports jobs that are there, that money is spent in local businesses," said Leahy.

The Omaha Earned Income Tax Credit Coalition offers free tax services to people in the community.

While waiting in line, retail employee Brad Wero said increasing the state's earned income tax credit would help him pay his monthly rent.

"I really rely on this refund every year and this is like the first time I've done it by myself, this is my first time away from home. So it's different, but you got to do what you got to do sometimes," said Wero.

 

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