THE SUNSHINE STATE'S CAPITAL GAINS TAXES: A COMPREHENSIVE GUIDE

When offloading a residence in Florida, you don't face state-imposed capital gains taxes, maximizing your earnings. You may want to evaluate the federal government’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 spouses or $250,000 for single filers. R