Here's the tax bill for the $875 million Powerball jackpot

Here's the tax bill for the $875 million Powerball jackpot taxes on lottery winnings in florida If you are a citizen and do not have a Social Security number, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on prizes of taxes paid on lottery winnings Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

taxes paid on lottery winnings If you are a citizen and do not have a Social Security number, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on prizes of

taxes on million dollar lottery Just like any other form of gambling in the state, wins in the Florida lottery are subject to federal taxes but no state taxes However, the How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize