Florida Mega Millions ticket scoops $ jackpot, tax bite looms

lottery taxes in florida
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Lottery winnings and prizes are considered income by the IRS and are subject to federal and state income tax You'll owe taxes in the year

Florida - no state taxes for lottery prizes; Georgia - %; Idaho - %; Illinois - %; Indiana - %; Iowa - %; Kansas

lottery sambad 4 7 23  html, accessed Sep- tember 1, 2003 34 1 or 2 Percent Tax; Additional 1 Lottery as an Economic Stimulus Tool: The Case of Florida 261 g

lottery sambad 512024 For nonresident aliens, the Florida Lottery is required to withhold 30 percent federal withholding tax from all prize amounts The Internal Revenue Service