Lottery Payout Options: Annuity vs Lump Sum
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
These States Won't Tax Your Mega Millions Winnings florida tax on lottery winnings 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 florida winning lottery tickets California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld This means that only federal
florida lottery online Florida also doesn't tax lottery winnings, so your Mega Millions prize will only be subject to federal taxes Florida is also one of nine states
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