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

When offloading a residence in Florida, you won’t face state capital gains tax, maximizing your earnings. You may want to evaluate the Internal Revenue Service’s main home exclusion if you've lived there for two out of five previous years—permitting up to $500,000 exclusion for joint filers or $250,000 for others. Improvements can boost your