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$900 New Jersey Pet Tax Credit Won’t Replace Need for Pet Insurance, Data Shows

Data show that rising annual pet care costs and uncertainty around the proposed $900 New Jersey pet tax credit mean owners should keep their pet insurance policies for now.

Published Jun 3, 2026, 3:00 PM EDT | WFMZZ

Annual pet care costs and the uncertain future of New Jersey’s proposed $900 pet tax credit mean pet parents should hold on to their insurance policies, data indicates. The proposed credit is unlikely to fully offset typical veterinary and ongoing care expenses, so insurers remain important financial protection for pet owners.