UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When offloading a home in the Sunshine State, you don't encounter a state-level capital gains tax, boosting your returns. You should evaluate the IRS's principal residence exemption if you've lived there for two out of five previous years—allowing up to $500,000 in exempted gains for married couples or $250,000 for single filers. Upgrades can rai