Tax Exemptions?

Question:


Do we get any tax exemptions.

 

Jim's Reply:


Sure...veterans get a lot of exemptions. Your disability pay is tax free for starters.
 

The amount and type of other exemptions will depend a lot on which state you live in. Some states offer tax free home purchases and most states will scale the amount of property taxes by the disability rating a vet has.
 

Shopping at the PX and commissary are tax free and can save you a lot of money. The best way to learn about the tax benefits in your state will be to head to your state's web site and explore. Good luck.