FLORIDA'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When selling a residence in Florida, you don't encounter a state-level capital gains tax, maximizing your earnings. You may want to evaluate the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—allowing up to $500,000 in exempted gains for spouses or $250,000 if unmarried. Upgrades can increase