FLORIDA'S CAPITAL GAINS TAXES: A COMPREHENSIVE GUIDE

When offloading a property in FL, you won’t encounter a state-level capital gains tax, enhancing your profits. You should consider the federal government’s primary residence exclusion if you've occupied the home for two out of five previous years—granting up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Renovations ca