New Tax Exemption for Veterans

All veterans (as of now, the definition of a "veteran" is anyone with a DD-214 that shows Honorable Discharge) who are residents of New Jersey can get a $3,000 personnel tax deduction from their income on NJ State taxes for 2017. In order to get this deduction, the Veteran needs to submit a copy of their DD-214 and a form to the NJ Division of Taxation. All details and the form are available on

http://www.state.nj.us/treasury/taxation/military/vetexemption.shtml.
 

Please note that