Lottery Winning Numbers Florida - Taxes

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How much in taxes do I have to pay on Florida Lottery winnings? If it's more than $5,000 the IRS requires the Florida Lottery to withhold 24

Florida Department of Revenue Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

kerala lottery result ak631 MEGA MILLIONS prizes must be claimed within 180 days after the winning drawing date Federal income taxes will be withheld from MEGA MILLIONS prizes as Florida: No state tax on lottery prizes Your average net per year: $1,175,812, Your net payout: $16,358,812 After 30 payments: $35,274,360 Annuity Payment