Senator Thompson Alerts Local Veterans About New $3,000 Tax Exemption
This year, veterans will have access to a $3,000 state income tax exemption. This new tax exemption allows New Jersey to be more affordable for our veterans.
“Our service men and women dedicated their lives to serve for our county, state, and communities,” said Thompson. “It is our duty to continue to protect them here at home. Now by providing a $3,000 tax exemption we can continue to create an affordable New Jersey for our veterans.”
The exemption is accessible to all veterans who were honorably discharged from the United States Armed Force, regardless of their income status or any other benefits they collect.
“It is vital to notify our local veterans before they start their taxes,” Thompson stated. “This exemption will provide critical tax relief for all that honorably served our country, we should not allow information to fall through the cracks.”
To apply for the tax exemption veterans must provide official documentation showing that they were honorably discharged, the most common form of documentation is the DD-214.
Senator Thompson’s district office is open Monday through Friday, 8:30 AM – 4:30 PM, and can provide veterans with the information needed to apply for the new tax exemption.
Call 732-607-7580 for more information.