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March 9, 2023
Question

Homestead exemptions

  • March 9, 2023
  • 1 reply
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Where do I put my homestead exemption on Turbotax?

    1 reply

    March 9, 2023

    Generally, homestead exemptions are reductions in the assessed value of the real estate used for your main home, resulting in a smaller property tax bill.  The exemptions are not entered anywhere on your federal income tax return.

    Applications for homestead exemptions are typically filed at your county assessor's office.

    However, several states have homestead-type credits, which you may be referring to.  If this is what you're asking about, please provide your state of residence.