What Winners Need to Know About Florida Taxes on Lottery Prizes
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
Florida lottery ticket hits $ billion jackpot, nets $ million florida lottery taxes
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a
florida lottery pick 5 payout Mega Millions website Winnings are taxed Under Florida law, lottery winners who claim prizes of $250,000 or more do not have to reveal
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