New Jersey bill A1954 allows a $3,000 deduction on gross income tax for surviving spouses of certain veterans.

New Jersey bill A1954 extends the gross income tax exemption to surviving spouses of veterans who died while on active duty, were honorably discharged, or were released under honorable circumstances. This exemption provides a $3,000 deduction for each taxable year the surviving spouse qualifies. The exemption ends if the surviving spouse remarries. This bill aims to acknowledge the sacrifices made by the families of veterans and to provide economic relief to those who have lost a loved one in service.

New Jersey bill A1954 allows a $3,000 deduction on gross income tax for surviving spouses of certain veterans.

New Jersey bill A1954 extends the gross income tax exemption to surviving spouses of veterans who died while on active duty, were honorably discharged, or were released under honorable circumstances. This exemption provides a $3,000 deduction for each taxable year the surviving spouse qualifies. The exemption ends if the surviving spouse remarries. This bill aims to acknowledge the sacrifices made by the families of veterans and to provide economic relief to those who have lost a loved one in service.