The Nebraska Microenterprise Tax Credit

Tractor in field

The Nebraska Microenterprise Tax Credit

The Nebraska Microenterprise Tax Credit has been around since 2014 but was revamped in 2021 to be a little more generous. The refundable credit is given to individuals operating small businesses who demonstrate growth in their business. There is a maximum of $2 million per year (plus any unclaimed credit from previous years) available for the program and $20,000 available per individual or business.

To learn more about farmers' eligibility requirements for the Nebraska Microenterprise Tax Credit, read this article from the Center for Agricultural Profitability.

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