The Veterans Income Tax Exemption has doubled to $6,000 for 2019.  NJ Veterans should check their eligibility and apply to claim the exemption (1st time only).  A veteran’s spouse or civil union partner, who is also a veteran, can take the exemption if they are filing a joint return.  However, a veteran cannot claim this exemption for a domestic partner or dependents.  Learn more at www.nj.gov

Learn more about our Tax Planning & Compliance services.

Read more articles here.