The Sunshine State's Capital Gains Tax: What You Need to Know
When selling a home in FL, you won’t be subject to a state-level capital gains tax, maximizing your profits. You ought to think about the Internal Revenue Service’s primary residence exclusion if you've lived there for at least two of the past five years—granting up to $500,000 exclusion for married couples or $250,000 for single filers. Upgr