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

When offloading a residence in the Sunshine State, you don't encounter state-imposed capital gains taxes, enhancing your profits. You ought to think about the federal government’s main home exclusion if you've occupied the home for two of the last five years—granting up to a $500,000 tax exemption for married couples or $250,000 for single file