THE SUNSHINE STATE'S CAPITAL GAINS TAX: A COMPREHENSIVE GUIDE

When offloading a home in FL, you don't face a state-level capital gains tax, enhancing your earnings. You should consider the Internal Revenue Service’s principal residence exemption if you've occupied the home for two of the last five years—granting up to $500,000 exclusion for joint filers or $250,000 for single filers. Renovations can boost