Florida Lottery Ticket Wins $ Billion, $ Million After Taxes

what taxes do you pay on lottery winnings
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If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income

slot bagus Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay Here's the truth with gambling taxes: both cash and noncash gambling winnings are fully taxable What are cash winnings? Cash winnings include money you