How Does Winning The Lottery Affect Your Florida Estate Planning?
If it's more than $5,000 the IRS requires the Florida Lottery to withhold 24% of that total in federal withholding taxes If you don't have a
Mega Millions, Powerball, Florida Lottery: What to do if you win florida tax on lottery winnings
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What are the Gambling Tax Rates in Florida? As previously stated, Florida has no state income tax so, you will owe the state nothing Your
florida lottery pick 3 winning numbers 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