Florida lottery ticket hits $ billion jackpot, nets $ million

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If you live in New York, get out your wallet, because the state taxes lottery winnings at % If you live in California, Delaware, Florida

Lottery winnings and prizes are considered income by the IRS and are subject to federal and state income tax You'll owe taxes in the year 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

san manuel casino slot machines The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that According to the Florida Lottery, games can be played and won by anyone 18 years of age or older, regardless of age, citizenship, race or