taxes on lottery winnings florida
Mega Millions, Powerball, Florida Lottery: What to do if you win
taxes on lottery winnings florida
taxes on lottery winnings florida
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taxes on lottery winnings florida The size of your prize indicates the tax rate your winnings will be subject to Lottery winnings up to $ are tax-free Anything above this amount is taxed The federal state taxes lottery awards at a flat rate of 24%, while Florida charges a 6% tax on all lottery winnings It suggests that if you 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