Capital Gains Tax on Home Sales Explained | Florida Real Estate 2026
Thinking about selling your home in Florida? Before you cash out, understand how capital gains tax could impact your profits.
If your home increased in value, the IRS may tax part of the profit when you sell. The good news? Many homeowners qualify for exclusions:
1. Up to $250,000 tax-free profit for single filers
2. Up to $500,000 tax-free profit for married couples filing jointly
To qualify, you generally must:
1. Own the home for at least 2 years
2. Live in the home as your primary residence for 2 of the last 5 years
This is especially important in fast-growing areas like Kissimmee and Orlando, where home values have surged in recent years. A smart selling strategy can help you maximize profit and reduce surprises at closing.
If you’re thinking about selling, now is the time to understand your equity position and potential tax implications before listing your property.
Raily A Feliciano Martinez
Your Realtor For Kissimmee and Orlando (Central Florida)
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