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florida lottery tax

florida lottery tax

What Are the Tax Implications for Florida Lotto Winnings? florida lottery tax Having a winning ticket from a state that won't tax your lottery winnings will allow you to avoid state taxes florida lottery pick 3 & 4 However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

florida lottery cash4life The prize money is subject to federal taxes Many states also tax lottery winnings, though Florida has no state income tax A Florida law

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