UNDERSTANDING CAPITAL GAINS TAXES IN FLORIDA

When offloading a residence in FL, you won’t face a state-level capital gains tax, boosting your earnings. You may want to evaluate the IRS's main home exclusion if you've lived there for two of the last five years—permitting up to $500,000 in exempted gains for married couples or $250,000 if unmarried. Upgrades can boost your property's value,