HOW TO MANAGE CAPITAL GAINS TAX WHEN SELLING A HOME IN THE SUNSHINE STATE

When listing a home in Florida, you won’t face state capital gains tax, boosting your earnings. You ought to consider the IRS's primary residence exclusion if you've occupied the home for two of the last five years—allowing up to a $500,000 tax exemption for married couples or $250,000 if unmarried. Improvements can raise your property's worth,