turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Should I have qualified for homestead exemption? I live in it and it's my only home. How do I fix it? Maybe I put in wrong taxable amount?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Should I have qualified for homestead exemption? I live in it and it's my only home. How do I fix it? Maybe I put in wrong taxable amount?

There is no such thing on a federal tax return ... so which state are you talking about ?   And which state form are you trying to fill in ??? 

Carl
Level 15

Should I have qualified for homestead exemption? I live in it and it's my only home. How do I fix it? Maybe I put in wrong taxable amount?

The homestead exemption has absolutely nothing to do with any tax return - state or federal. The homestead exemption is basically an amount of the assessed value of your property as determined by your local property tax appraiser, that is exempt from property taxes.

For example, in my county the first $50,000 of the assessed tax value of my primary residence as determined by my county appraiser, is exempt from property taxes. This as nothing to do with my income tax return.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies