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

When offloading a home in FL, you won’t be subject to state capital gains tax, enhancing your earnings. You should consider the Internal Revenue Service’s principal residence exemption if you've occupied the home for at least two of the past five years—granting up to $500,000 in exempted gains for joint filers or $250,000 for single filers. U