THE SUNSHINE STATE'S CAPITAL GAINS TAXES: WHAT YOU NEED TO KNOW

The Sunshine State's Capital Gains Taxes: What You Need to Know

When selling a residence in the Sunshine State, you won’t be subject to state-imposed capital gains taxes, maximizing your profits. You ought to consider the federal government’s principal residence exemption if you've occupied the home for two of the last five years—allowing up to $500,000 exclusion for joint filers or $250,000 for others. I

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