Florida Mega Millions ticket scoops $ jackpot, tax bite looms

does florida tax lottery winnings
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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

Not only are the lottery winnings taxable income to the winner, which will be taxed at a marginal rate of 35%, if the winner tries to share them tax payment of $1 million According to the lottery commission, Dellamorte plans to invest her winnings and help her family Lottery

beginners guide to poker Some states tax winnings, too That's just federal taxes While not all states tax winnings, some do New York takes the most with a rate of And as we've also covered, for wins of $5,000 or more, the Florida Lottery will in most cases withhold 24% of your winnings for federal income tax In other