Tallying Up the Taxes on Lottery Winnings - TurboTax

website florida lottery taxes According to the Florida Lottery, roughly 25 cents of every dollar spent on a ticket goes into what's called the Educational Enhancement Trust florida lottery lotto Florida Department of Revenue

florida lottery taxes taxes would be much more efficient revenue sources than the implicit lottery Florida, money formerly dedi- cated to education was used elsewhere and  The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a  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

Share

Share

Link

Turn off sharing Copy link

See all details