Florida lottery: Can Florida winners remain anonymous?

florida tax on lottery winnings
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In the , including Florida, lottery winnings are considered taxable income, so it's important to report them you're in

According to the Multi-State Lottery Association, if residents do owe any money, including debts, child support or taxes, states can allow their You're required to report all of your gambling winnings as income on your tax return, even if you end up losing money overall · You may receive

slot games real money Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you Florida is another state that does not tax lottery winnings Individuals who win the lottery in Florida are not required to pay state taxes on their winnings