NAVIGATING CAPITAL GAINS TAXES IN THE SUNSHINE STATE

When offloading a home in Florida, you won’t be subject to a state-level capital gains tax, enhancing your profits. You should evaluate the IRS's primary residence exclusion if you've lived there for two out of five previous years—granting up to a $500,000 tax exemption for spouses or $250,000 if unmarried. Renovations can increase your propert