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

When offloading a residence in FL, you won’t face state capital gains tax, boosting your earnings. You should evaluate the IRS's principal residence exemption if you've lived there for at least two of the past five years—granting up to $500,000 in exempted gains for spouses or $250,000 for single filers. Improvements can boost your home’s wor