FLORIDA'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

When selling a home in the Sunshine State, you won’t encounter a state-level capital gains tax, enhancing your profits. You may want to consider the Internal Revenue Service’s primary residence exclusion if you've lived there for two out of five previous years—granting up to a $500,000 tax exemption for spouses or $250,000 for single filers.