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

When offloading a residence in the Sunshine State, you won’t face state capital gains tax, maximizing your earnings. You should consider the IRS's primary residence exclusion if you've resided in the property for two of the last five years—granting up to $500,000 exclusion for joint filers or $250,000 for single filers. Upgrades can raise your