Homestead Exemption
For those asking what is meant by Income, the form you sign to get the exemption is DR501SC, which specifically states as follows:
Definitions: Section 196.075, Florida Statutes. Additional homestead exemption for persons 65 and older. - As used on this application, the terms:
(a) “Household” means a person or group of persons living together in a room or group of rooms as a housing unit, but the term does not include persons boarding in or renting a portion of the dwelling.
(b) “Household income” means the adjusted gross income, as defined in s. 62 of the United States Internal Revenue Code, of all members of a household. (This is the “Adjusted Gross Income” amount reported on IRS Form 1040.)
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