Tax Deductions
NJ REBATE PROGRAM OVERVIEW
The State of New Jersey has instituted three "relief" programs that are currently being offered.
- Property Tax Reimbursement a.k.a. Property Tax Freeze
- Homestead Rebate
- Property Tax Deduction/Credit
To learn more about these programs go to http://www.state.nj.us/treasury/taxation
SENIOR CITIZEN DEDUCTION
If you were 65 years or older as of December 31st of the pre-tax year you may be eligible for a deduction of $250.00 annually from your gross taxes. Joint income must not exceed $10,000.
VETERAN DEDUCTION
If you have served in the armed forces, you may be eligible to receive a $250.00 deduction annually from your gross taxes.
Applications for tax deductions may be obtained from the office of the Tax Assessor