Lottery Winning Numbers Florida - Taxes

florida lottery taxes
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Lottery winnings are not taxed twice Under both the federal and state tax system, they are considered ordinary taxable income You pay tax on your winnings

Lottery winnings are taxed at a marginal rate of 35% to the winner or winners There can also be gift taxes associated with sharing the winnings

florida lottery fantasy 5 Just like any other form of gambling in the state, wins in the Florida lottery are subject to federal taxes but no state taxes However, the

florida lottery please According to the Multi-State Lottery Association, if residents do owe any money, including debts, child support or taxes, states can allow their