Tax on Lottery Winnings by State 2023

website taxes on lottery winnings florida Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings taxes on million dollar lottery Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings

taxes on lottery winnings florida 3 Some states do not tax lottery winnings at all These states include California, Delaware, Florida, New Hampshire, South Dakota, Tennessee,  So if you won big, the tax bite is already covered and will be reflected in your payout For winnings under $5,000, you will have to report it  The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

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