In Florida, you may be allowed to exempt an limitless quantity of equity in your homestead, provided that your premises is no bigger than a half an acre if you’re in a municipality, with no larger than 160 acres somewhere else. To be able to be eligible for the Florida homestead exemption, you really must have owned your home for at the least 1,215 times. Then you will need to use the Federal homestead exemption, which is up to $25,150 in equity for cases filed on or after April 1, 2019 if you do not meet this requirement.
You may be additionally permitted to exempt as much as $1000 in equity in an auto if you’re individual, and double that amount if you are hitched filing jointly. In addition, you are allowed to exempt specific other assets, such as for instance: