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

When selling a home in Florida, you will not face state capital gains tax, enhancing your earnings. You ought to consider the IRS's main home exclusion if you've resided in the property for at least two of the past five years—permitting up to $500,000 in exempted gains for spouses or $250,000 for single filers. Renovations can raise your home’s