UNDERSTANDING CAPITAL GAINS TAXES IN FLORIDA

When offloading a home in the Sunshine State, you won’t be subject to a state-level capital gains tax, maximizing your returns. You should evaluate the IRS's main home exclusion if you've resided in the property for at least two of the past five years—granting up to $500,000 exclusion for joint filers or $250,000 for others. Upgrades can increa