Winning ticket for $ billion Mega Millions jackpot sold in Florida

florida tax on lottery winnings
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If you buy a winning Mega Millions ticket in California, Delaware, Florida tax lottery winnings This means if you live in those states

Gambling winnings must be reported as taxable income · Gambling losses may be deducted as an itemized deduction · Losses cannot exceed winnings  The good news for this winner — besides winning the lottery in the first place — is that Florida doesn't tax lottery winnings Most states

bbni slot The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega The good news for this winner — besides winning the lottery in the first place — is that Florida doesn't tax lottery winnings Most states