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

When offloading a home in Florida, you won’t face state capital gains tax, boosting your earnings. You ought to consider the Internal Revenue Service’s principal residence exemption if you've resided in the property for at least two of the past five years—permitting up to $500,000 exclusion for joint filers or $250,000 if unmarried. Improveme