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

The Sunshine State's Capital Gains Taxes: What You Need to Know

When selling a home in FL, you won’t face a state-level capital gains tax, enhancing your profits. You ought to evaluate the Internal Revenue Service’s principal residence exemption if you've lived there for at least two of the past five years—granting up to a $500,000 tax exemption for joint filers or $250,000 for others. Improvements can ra

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