The new year is here and you know what that means; tax time! Sorry to bring this bad news to bear, but as Mark Twain famously opined regarding the difference between a taxidermist and a tax collector: “the taxidermist takes only your skin.” The good news is that this article is actually meant to help you save a few bucks by detailing the Florida homestead exemption.
The Daytona Beach area saw an incredible influx of home and condo buyers recently as work-from-home flexibility becomes the new-norm. For those buyers who purchased in 2020 and made this property their permanent residence, the deadline to file for homestead exemption is March 1st, 2021. The Florida homestead exemption includes a $25,000 initial exemption and an additional $25,000
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