How are Lottery Winnings Taxed?

How are Lottery Winnings Taxed? what is the tax for lottery winnings
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what are the odds to win the lottery Florida is another state that does not tax lottery winnings Individuals who win the lottery in Florida are not required to pay state taxes on their winnings

what store sells the most winning lottery tickets in texas Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4