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New Member
posted Jun 3, 2019 4:39:11 PM

Homestead property tax credit

dose this have to be accounted for in your taxes somewhere?

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1 Replies
Intuit Alumni
Jun 3, 2019 4:39:13 PM

No.  The homestead exemption is a reduction in the assessed valuation of the real estate you use as your main home (which results in an overall lower real estate tax bill). The exemption is not entered anywhere on your federal income tax return.