UNDERSTANDING CAPITAL GAINS TAXES IN FLORIDA

Understanding Capital Gains Taxes in Florida

When offloading a residence in Florida, you won’t be subject to a state-level capital gains tax, enhancing your returns. You may want to evaluate the IRS's main home exclusion if you've occupied the home for two out of five previous years—granting up to $500,000 exclusion for married couples or $250,000 for others. Improvements can boost your h

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