You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kac42
Level 2
lou-chapko
New Member
JB_Tax
Returning Member
cmcrowley72
New Member
psutiger
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill