THE SUNSHINE STATE'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When selling a residence in FL, you won’t be subject to state capital gains tax, boosting your earnings. You may want to evaluate the Internal Revenue Service’s main home exclusion if you've lived there for at least two of the past five years—granting up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Renovations can bo