THE SUNSHINE STATE'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When selling a home in Florida, you will not be subject to state-imposed capital gains taxes, enhancing your earnings. You may want to consider the IRS's main home exclusion if you've resided in the property for two out of five previous years—granting up to $500,000 in exempted gains for spouses or $250,000 if unmarried. Improvements can boost yo