Florida lottery ticket hits $ billion jackpot, nets $ million

Florida lottery ticket hits $ billion jackpot, nets $ million lottery federal tax rate Under IRS rules, lotteries automatically withhold 24 percent of any win bigger than $5,000 for federal taxes, meaning that lump sum will lottery online games Federal lottery taxes Winning the lottery could push you into a But remember, the federal tax brackets are marginal brackets, and

lottery online games Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

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