UNION COUNTY, NJ – Honorably discharged veterans will benefit from a new state tax cut that became effective in January 2017, reminds the Union County Board of Chosen Freeholders.
“When veterans file their state income tax next year they will be able to take the new $3,000 annual tax exemption,” said Freeholder Chairman Bruce H. Bergen. “This is a modest but important recognition of service for the Union County residents who have served our country with honor.”
The new exemption applies to income earned in 2017. Veterans with honorable discharges or who were released from service under honorable circumstances will be able to include it in their 2018 filing.
“The new exemption does not replace or duplicate other tax benefits that veterans currently receive, so it will provide some much-needed additional relief for households on a budget,” said Freeholder Bette Jane Kowalski, who is the liaison to the Human Services Advisory Board.
The new exemption for veterans was part of a five-item tax cut package that also covered sales and estate taxes, retirement income and the Earned Income Tax Credit.
More information about the new exemption for veterans is available from the New Jersey Department of the Treasury, at state.nj.us/treasury.
Chairman Bergen encouraged veterans seeking other programs and resources to visit UC-HERO, the County’s new online directory for veterans, at ucnj.org/uc-hero.
“Veterans in need of additional assistance can also contact the Union County Office of Veterans Affairs, by calling 908-659-7407,” said Bergen. “Please don’t hesitate to call if you need a helping hand.”
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