Florida Mega Millions ticket scoops $ jackpot, tax bite looms
Florida Mega Millions ticket scoops $ jackpot, tax bite looms
taxes on lottery winnings florida
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And as we've also covered, for wins of $5,000 or more, the Florida Lottery will in most cases withhold 24% of your winnings for federal income tax In other
However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the
taxes on million dollar lottery Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
taxes on lottery winnings florida Florida Florida also doesn't tax lottery winnings, so your Mega Millions prize will only be subject to federal taxes Florida is also one of