Veterans Tax Exemption

To Avalon’s Veterans

AHLOA thanks you for serving.

The following is from the New Jersey Tax Division

“You are eligible for a $3,000 exemption on your Income Tax return if you are a military veteran who was honorably discharged or released under honorable circumstances from active duty in the Armed Forces of the United States on or any time before the last day of the tax year. Your spouse (or civil union partner) is also eligible for an exemption if he/she is a veteran who was honorably discharged or released under honorable circumstances and you are filing a joint return. This exemption is in addition to any other exemptions you are entitled to claim and is available on both the resident and nonresident returns. You cannot claim this exemption for a domestic partner or for your dependents”

Here is a link to the Tax Division instructions. Note the instructions do not specify when your service occurred. You may want to consult your tax advisor on this point. 

New Jersey Veteran’s Tax Exemption

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