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

When selling a residence in Florida, you don't encounter state capital gains tax, maximizing your profits. You should consider the IRS's principal residence exemption if you've occupied the home for at least two of the past five years—granting up to $500,000 exclusion for spouses or $250,000 if unmarried. Renovations can increase your home’s wo