Additional Tax Exemption for Military Veterans in New Jersey
This exemption is available to a New Jersey resident or nonresident taxpayer and/or spouse, but excludes dependents, and may be taken in addition to the other exemptions that they are eligible to claim.
In order to qualify, the taxpayer and/or spouse must submit with their tax return a copy of their Certificate of Release or Discharge from Active Duty (Form DD-214) or any other official documentation listing the characteristic of his or her discharge. This exemption can also be certified prior to filing the tax return by submitting a Veterans Exemption Submission Form along with the DD-214 or other applicable documentation to the New Jersey Division of Taxation. Certification of this exemption is only required in the first year that it is claimed.
Ask Our Experts
 |
Barry Horowitz, CPA, MST, Partner (212) 829 3211 [email protected]  |
