Understanding Capital Gains Taxes in the Sunshine State

When selling a home in the Sunshine State, you don't face a state-level capital gains tax, boosting your profits. You should consider the Internal Revenue Service’s main home exclusion if you've resided in the property for at least two of the past five years—permitting up to a $500,000 tax exemption for joint filers or $250,000 for others. Upgr

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