UNDERSTANDING CAPITAL GAINS TAX IN THE SUNSHINE STATE

When selling a home in FL, you will not be subject to state-imposed capital gains taxes, maximizing your earnings. You may want to consider the IRS's principal residence exemption if you've resided in the property for two of the last five years—allowing up to a $500,000 tax exemption for spouses or $250,000 for single filers. Renovations can rais