Instructions For Form W-829 - Nebraska Department Of Revenue
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1INSTRUCTIONS
WHO MUST FILE. Every employee who has agreed to allow
Income Tax Return, Form 1040N. Use only the Form W-829
the Quality Jobs Act employer to retain part of his or her
with the Nebraska return. The Form W-2 from the Quality
withholding must complete this form to determine the
Jobs Act employer is to only be used for federal income tax
maximum wage benefit credit that can be used.
purposes.
WHEN AND WHERE TO FILE. This form and the
FISCAL YEARS. Any person with a wage benefit credit
Form W-829 must be completed and attached to the Nebraska
Individual Income Tax Return, Form 1040N. Any person with a
with a fiscal year must use the credit in the same manner as
wage benefit credit cannot file the Form 1040NS, or file either
the credit for withholding is used. The amount of the wage
electronically or by TeleFile.
benefit credit for the calendar year ending during the fiscal
FORM W-2. Do not use the Form W-2 received from the
year will be used without any proration between the fiscal
Quality Jobs Act employer with your Nebraska Individual
years.
SPECIFIC INSTRUCTIONS FOR RESIDENTS
LINE 1, NEBRASKA TAX. Enter the entire liability shown
Nebraska Department of Revenue, Legal Division, for
on your Nebraska income tax return.
additional information on how to determine the tax.
LINE 2, OTHER NONREFUNDABLE CREDITS. Total all
LINE 12, CREDIT FOR 1040N. This is the amount of the
other nonrefundable credits claimed on lines 19, 20, 21, 22, 23,
credit to enter on line 24, Form 1040N.
and 25 of your Nebraska income tax return. Taxpayers with a
CLAIM FOR REFUND FROM EMPLOYER. If the
Form 3800N credit, contact the Nebraska Department of
amount on line 10 is larger than the amount on line 11, you
Revenue, Legal Division, for additional information.
had too much withheld as Quality Jobs withholding by your
LINE 5, QUALITY JOBS WAGES. This is the amount
employer. This amount will be refunded to you by your
shown in box 6 of the Form W-829 from the employer. These
employer. Complete the claim for refund portion of this
are the wages paid by the employer after the agreement for the
form and give the completed claim and a copy of the Form
employer to retain the withholding was signed.
W-829 to your employer. The refund will be paid to you
LINE 7, TAX ON MODIFIED TAX TABLE INCOME.
within thirty days of your giving the claim to your employer.
Compute the amount of tax from the tax tables on the modified
tax table income on line 6. Use the same filing status used on
If you owe tax on line 33 of Form 1040N, you must pay that
your actual return.
amount to the Nebraska Department of Revenue by April 16,
Higher income taxpayers or taxpayers with a Nebraska
2001 to avoid penalty and interest, even though your
minimum tax or other tax on line 16, Form 1040N, contact the
employer owes you a refund.
SPECIFIC INSTRUCTIONS
FOR PARTIAL-YEAR RESIDENTS AND NONRESIDENTS
In order to compute the Wage Benefit Credit, you must
LINE 60. Determine the tax on the modified tax table
compute a second Nebraska Schedule III, Form 1040N that will
income from the tax tables. Higher-income taxpayers,
be used only to complete the Form 829N. Do not attach the
or taxpayers with a Nebraska minimum tax or other tax,
second Schedule III to your return, keep it for your own
contact the Nebraska Department of Revenue, Legal
records.
Division, for additional information on how to
determine the tax.
LINE 1, NEBRASKA TAX. Enter the liability shown on Line
17, Form 1040N.
LINE 9, MODIFIED TAX LIABILITY. Enter the amount
LINES 2, 4, 5, 6, AND 8. Leave these lines blank.
from line 7.
LINE 3, ACTUAL LIABILITY AFTER OTHER NONRE-
LINE 12, CREDIT FOR 1040N. This is the amount of the
FUNDABLE CREDITS. Enter the amount from line 1.
credit to enter on line 24, Form 1040N.
LINE 7, TAX ON MODIFIED TAX TABLE INCOME. Enter
CLAIM FOR REFUND FROM EMPLOYER. If the
the amount from line 63 of the second Nebraska Schedule III,
amount on line 10 is larger than the amount on line 11, you
recomputed in the following manner.
had too much withheld as Quality Jobs withholding by your
Recompute the Nebraska Schedule III, Form 1040N:
employer. This amount will be refunded to you by your
employer. Complete the claim for refund portion of this
LINE 55. Subtract the Quality Jobs wages from the
form and give the completed claim and a copy of the Form
income derived from Nebraska sources. If line 55 is now
W-829 to your employer. The refund will be paid to you
zero, enter zero on line 7 of the Form 829N. It is not
within thirty days of your giving the claim to your employer.
necessary to recompute the rest of the Schedule III.
LINE 58. Subtract the Quality Jobs wages from the
If you owe tax on line 33 of Form 1040N, you must pay that
denominator of the ratio and recalculate.
amount to the Nebraska Department of Revenue by April 16,
Line 59. Subtract the Quality Jobs wages from the tax
2001 to avoid penalty and interest, even though your
employer owes you a refund.
table income.
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