Military Service in a Combat Zone tax credit

5:07 PM, Oct 11, 2012   |    comments
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GOLDEN VALLEY, Minn. - Thousands of Minnesota troops and veterans are encouraged to take advantage of a refundable tax credit about to expire.

The Credit for Military Service in a Combat Zone expires on October 15 for time served in 2008.

The Minnesota Department of Revenue recently sent letters to more than 3,600 qualifying soldiers to ensure they claim the credit before it's too late.

The Credit for Military Service in a Combat Zone is for soldiers who served in a combat zone or qualified hazardous duty area during the tax year. For military time served during 2008, the credit is $59 per month served. The 2008 credit expires Oct. 15.

To receive the credit, soldiers must file Form M99, Credit for Military Service in a Combat Zone, and attach corresponding Form DD-214.

If still on active duty, soldiers may attach Leave and Earnings statements for each month of qualifying service.

They must have been a Minnesota resident during the time of service to qualify.

You can go online for more information on the military tax credit.

(Copyright 2012 by KARE. All Rights Reserved.)

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