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

When offloading a residence in Florida, you will not face state capital gains tax, enhancing your returns. You ought to consider the Internal Revenue Service’s main home exclusion if you've lived there for two of the last five years—granting up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Upgrades can increase your hom