UNDERSTANDING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

When offloading a property in Florida, you don't encounter state-imposed capital gains taxes, enhancing your earnings. You may want to consider the IRS's main home exclusion if you've lived there for two out of five previous years—granting up to $500,000 exclusion for spouses or $250,000 for single filers. Renovations can raise your home’s valu