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

When selling a residence in Florida, you will not encounter a state-level capital gains tax, maximizing your earnings. You may want to evaluate the IRS's primary residence exclusion if you've occupied the home for two out of five previous years—allowing up to $500,000 in exempted gains for joint filers or $250,000 for single filers. Improvements