FLORIDA'S CAPITAL GAINS TAX: A COMPREHENSIVE GUIDE

When listing a home in the Sunshine State, you will not encounter a state-level capital gains tax, boosting your returns. You should consider the IRS's main home exclusion if you've occupied the home for two of the last five years—permitting up to a $500,000 tax exemption for married couples or $250,000 for others. Improvements can boost your rea