Florida lottery winner has 5 million reasons to be happy, before taxes

lottery taxes in florida
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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

California has the highest income tax rate in the country, but it doesn't tax lottery winnings Florida, South Dakota, Texas, Washington,

lottery result 26 9 23 However, lottery winnings may be taxed up to 37% so you may have to come up with the extra 13% on your own when the time comes Talk to your tax

lottery sambad kota The lottery winnings are taxable income in the state where you bought the ticket The taxes you pay to that state on the winnings are eligible