How Taxes on Lottery Winnings Work
Your lottery winnings will affect your tax liability How you receive your lottery winnings will affect your federal tax obligation It will immediately
Mega Millions, Powerball, Florida Lottery: What to do if you win florida tax on lottery winnings
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winnings, the Florida Lottery told CNN The winning numbers were withholding, but Florida does not tax lottery winnings Per state
florida winning numbers lottery The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega