NJ Income Tax Exemption
NJ Income Tax Exemption for Veterans: $6,000 Annual Deduction
New Jersey honorably discharged veterans can claim a $6,000 exemption on their state income tax return each year.
Details
New Jersey honorably discharged veterans can claim a $6,000 exemption on their state income tax return each year. The veteran must have been discharged or released under honorable circumstances from active duty in any U.S. Armed Forces branch on or before December 31 of the tax year being filed.
Restrictions
Newly discharged veterans qualify in the year of discharge. Page explicitly describes the $6,000 exemption and honorable discharge requirement.
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