Florida's Capital Gains Taxes: What You Need to Know

When offloading a home in FL, you will not face state capital gains tax, boosting your returns. You may want to evaluate the IRS's main home exclusion if you've resided in the property for two of the last five years—allowing up to $500,000 exclusion for spouses or $250,000 if unmarried. Improvements can increase your real estate’s market price,

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