Florida lottery winners' money taken by the state, I-Team helps get it

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Mega Millions jackpot is nearly $1 billion—these 8 states don't tax your winnings · California · Florida · New Hampshire · South Dakota · Tennessee

What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted Florida Florida also doesn't tax lottery winnings, so your Powerball prize will only be subject to federal taxes (That's good news since a

winning number lottery The lottery winnings are taxable income in the state where you bought the ticket The taxes you pay to that state on the winnings are eligible What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted