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

When selling a residence in the Sunshine State, you will not be subject to state-imposed capital gains taxes, maximizing your earnings. You may want to consider the Internal Revenue Service’s main home exclusion if you've occupied the home for two of the last five years—granting up to $500,000 exclusion for spouses or $250,000 for single filers