You'll need to sign in or create an account to connect with an expert.
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 ???
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
selfprepper
Level 2
gacaple
New Member
MikeP3
Level 2
Ash94
New Member
KhosenOne
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.