THE SUNSHINE STATE'S CAPITAL GAINS TAXES: A COMPREHENSIVE GUIDE

When listing a home in Florida, you won’t face state capital gains tax, enhancing your returns. You ought to think about the Internal Revenue Service’s main home exclusion if you've lived there for two out of five previous years—allowing up to $500,000 exclusion for spouses or $250,000 if unmarried. Renovations can boost your home’s market