A provision within the 2017 Federal Tax Cuts and Job Act designates the Sinai Peninsula as a hazardous duty area as of June 9, 2015.
What does this mean?
If you served in the Sinai Peninsula on or after June 9, 2015, you may be eligible for the Minnesota refundable credit for military service in a combat zone (Form M99). A hazardous duty area is treated as if it were a combat zone. The credit is $120 per full or partial month served.
When is this credit available?
Tax credits for service in the Sinai Peninsula are available for 2015, 2016, and 2017. You have 3 1/2 years from the original due date of your tax return to claim the credit. If you served in the Sinai Peninsula between June 9, 2015 and December 31, 2015, you must claim the 2015 credit before it expires October 15, 2019.
How can I learn more about the credit?
For more information on eligibility and how to claim the credit, visit the Minnesota Department of Revenue’s Credit for Military Service in a Combat Zone page at www.revenue.state.mn.us/individuals/individ_income/Pages/Credit_for_Military_Service_in_a_Combat_Zone.aspx.