HOW TO HANDLE CAPITAL GAINS TAX WHEN SELLING A HOME IN FLORIDA

When selling a home in the Sunshine State, you will not encounter a state-level capital gains tax, maximizing your returns. You should evaluate the IRS's main home exclusion if you've occupied the home for at least two of the past five years—allowing up to $500,000 in exempted gains for joint filers or $250,000 if unmarried. Improvements can rais