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

When selling a home in the Sunshine State, you will not be subject to a state-level capital gains tax, enhancing your earnings. You should evaluate the federal government’s main home exclusion if you've occupied the home for two of the last five years—permitting up to a $500,000 tax exemption for spouses or $250,000 for single filers. Upgrades