State of NJ - Division of Taxation

florida tax on lottery winnings
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The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

The jackpot is also subject to federal taxes There's no state income tax in Florida The winning ticket was sold at a Publix supermarket in

florida lottery pick 3 payout And while winning the lottery isn't exactly a reliable career plan, the federal government treats lottery winnings as income Immediately, 24%

florida lottery tonight If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding