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

When offloading a residence in Florida, you won’t be subject to a state-level capital gains tax, maximizing your earnings. You should think about the federal government’s main home exclusion if you've resided in the property for at least two of the past five years—permitting up to a $500,000 tax exemption for spouses or $250,000 for single fi