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

When listing a property in Florida, you won’t encounter a state-level capital gains tax, boosting your profits. You should evaluate the IRS's principal residence exemption if you've occupied the home for two out of five previous years—permitting up to a $500,000 tax exemption for joint filers or $250,000 if unmarried. Upgrades can increase your