Please be sure to let others know of these changes, especially when many are struggling as we continue to deal with COVID-19.
New for 2020 - Veteran Property Tax Relief Legislative Changes
$250 Veterans Property Tax Deduction - Effective December 4, 2020, State law (P.L. 2019, c. 413) eliminates the wartime service requirement for the $250 Veterans Property Tax Deduction.
100% Disabled Veteran Property Tax Exemption - Effective December 4, 2020, State law (P.L. 2019, c. 413) eliminates the wartime service requirement for the 100% Totally and Permanently Disabled Veterans Property Tax Exemption.
New for 2021 - Combat Pay
For Tax Year 2021 and forward, combat pay is not taxable in New Jersey (P.L. 2020, c. 93). The law excludes military pay for service in a combat zone, or for hospitalization as the result of injury while serving in a combat zone, from taxable income under the New Jersey Gross Income Tax Act.If your combat pay is exempt from federal income tax, it is exempt for New Jersey and should not be reported on a New Jersey Income Tax return (Form NJ-1040, Form NJ-1040NR).
This law is not retroactive. For Tax Year 2020 and prior, combat pay is still taxable income.
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2019 Senior Freeze (Property Tax Reimbursement) UPDATE
The State budget that went into effect on October 1, 2020 fully funds the 2019 Senior Freeze program. Eligible taxpayers began receiving payments on October 15, 2020.
- 65 or older on December 31, 2018; or
- Actually receiving federal Social Security disability benefit payments (not benefit payments received on behalf of someone else) on or before December 31, 2018.
The application deadline has been extended to December 31, 2020. There's still time to file.
Eligible Applicants Now Have Until December 31st to Apply for Relief
