cessation, do not report these codes (99406â99407) under the patient; instead, refer to preventive medicine counseling codes (99401â99404) if the patient is not currently
The homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. Florida 's homestead exemption allows a $25,000 exemption for all taxes for the value of property assessed a property tax, plus a $25,000 exemption on all taxes except the school millage.
What is an 'Exemption'. An exemption is a deduction allowed by law to reduce the amount of income that would otherwise be taxed. The Internal Revenue Service (IRS) offers two types of exemptions: personal and dependent exemptions. An example of an exemption is the reduction in taxes granted for dependent children (under the age of 18) living with the tax filer.