HOW TO MANAGE CAPITAL GAINS TAXES WHEN SELLING A HOME IN FLORIDA

When listing a home in the Sunshine State, you don't face state-imposed capital gains taxes, boosting your earnings. You ought to consider the IRS's principal residence exemption if you've lived there for two out of five previous years—permitting up to $500,000 in exempted gains for spouses or $250,000 if unmarried. Renovations can boost your hom