Florida Lottery Ticket Wins $ Billion, $ Million After Taxes

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The tax must be withheld by the Lottery Department on the date of actual or constructive payment, whichever is earlier, as defined in federal Treasury

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be

lucky lottery result today live The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional