Tax filing season is here, and Nebraska families are once again sorting through W-2s, logging into tax software, and bracing for the familiar anxiety of figuring out what they owe. It’s never a fun process — but this year, there’s genuinely good news: because of the Working Families Tax Cuts, which I voted for last summer, you will likely keep more money in your pocket than you did last year.
For years, Nebraska families have felt the squeeze. Groceries, gas, rent, and childcare all got more expensive, while paychecks struggled to keep up.The Working Families Tax Cuts are a direct response to that pressure.
So, what does the law actually do? At its core, it makes permanent the lower tax rates established in 2017, raises the standard deduction, and increases the Child Tax Credit. Without this legislation, all those benefits would have expired — amounting to the largest tax increase in American history. By acting, Congress blocked a $4 trillion tax hike and locked in savings that show up directly when you file your return.
