Florida Homestead Exemption For Married Couples In Virginia
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FAQ
The IRS prohibits married couples from claiming two primary residences for tax purposes. The designation of a primary residence, or “main home,” holds significant importance for homeowners due to the array of tax benefits tied to this status.
The Homestead Deed must be in proper legal form and should be prepared by a Virginia licensed attorney. Once the Homestead Deed is filed with the Circuit Court for the city or county where the debtor lives, and other needed steps are taken, the property generally is protected from creditors.
Under the Virginia exemption system, homeowners can exempt up to $50,000 of equity in a home or other property covered by the homestead exemption. The exemption applies to real property, including a home or inium and personal property used as a residence, so your mobile home would also be covered.
Virginia allows an exemption of $930 for each of the following: Yourself (and Spouse): Each filer is allowed one personal exemption. For married couples, each spouse is entitled to an exemption. When using the Spouse Tax Adjustment, each spouse must claim his or her own personal exemption.
Prior to July 2020, many individuals with equity in their home had to file a Chapter 13 to protect any equity in their home. In July 2020, the law established the Virginia Homestead Exemption as $25,000.00, and then in July 2024, the exemption increased to $50,000.00.
However, most Virginia cities, counties, and towns offer some form of personal property tax relief to homeowners age 65 and older, and to homeowners with disabilities. This relief may be in the form of a tax exemption, tax deferral, or both, and we provide an overview of these types of benefits below.
The spouse who holds the title of the property is responsible for applying for homestead exemption. Whether the house is owned through joint ownership with rights of survivorship, tenancy by the entirety, or another ownership type, Florida law preserves the rights of the owner's spouse.
How do you know if you have a homestead exemption? If you're unsure whether you have a homestead exemption, contact your local tax assessor or appraiser's office. They should be able to verify if a homestead exemption was filed on your property.
Technically it's not possible to do that, because you must claim the homestead exemption in the state that is your permananent residence, and you can only have one state as permanent residence since you must spend more than 180 days in that place.
Please Note: We are currently accepting E-file applications for the tax year 2025 only. To be eligible for homestead exemption, you must be a permanent resident of Florida, who owns real property as of January 1 of the year in which you are applying.
