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.
Homestead exemptions are usually filed at your county courthouse, at the tax assessor's office.
I hope this provides some clarity for you. If you have additional questions please do not hesitate to comment to this post and I will do everything in my power to further assist you!
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