FLORIDA'S CAPITAL GAINS TAX: WHAT YOU NEED TO KNOW

When offloading a home in FL, you won’t be subject to a state-level capital gains tax, maximizing your profits. You should think about the Internal Revenue Service’s primary residence exclusion if you've occupied the home for at least two of the past five years—allowing up to $500,000 exclusion for joint filers or $250,000 for single filers.