Nebraska brokerage account growth calculator

What a taxable index-fund account is actually worth after expense-ratio drag and after Nebraska takes its share of the gain — which, in most states, is not at the federal preferential rate.

Nebraska taxes your gains as ordinary income

There is no state equivalent of the federal preferential rate here — a long-term gain is charged at Nebraska's normal income brackets, exactly like wages. This is the common case, and it surprises people who assume the federal 15% carries over. No general capital gains preference. Nebraska taxable income starts from federal AGI, which already includes net capital gain in full, and neither Form 1040N nor Schedule I contains any general exclusion, deduction, rate differential, or holding-period preference. Long-term and short-term gains are taxed identically at the ordinary graduated rates. The legacy preferential-rate mechanism is dead: the Tax Rate Chronology notes the additional rate schedule has not applied for tax years 2018 through 2025 and it does not revive for 2026. ONE NARROW ELECTIVE EXCLUSION EXISTS AND SHOULD NOT BE MODELLED AS A GENERAL PREFERENCE: Neb. Rev. Stat. 77-2715.09 allows a resident a ONCE-PER-LIFETIME election, for the stock of ONE corporation, to subtract extraordinary dividends and capital gain on employer stock acquired through employment — where the corporation has been actively doing business in Nebraska for at least three years, an 'extraordinary dividend' exceeds 20% of the stock's fair market value at declaration, and stock rights, warrants, options and debt securities are excluded by definition. Claimed on Schedule I line 19 with Form 4797N. Separately, 77-2716(26) excludes net capital gain on gold and silver bullion for 2025 forward, with a matching add-back of bullion losses at 77-2716(25).