Florida woman wins $1 million lottery prize while visiting Cape Cod

does florida tax lottery winnings
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When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

Florida does not have a personal income tax Watch the video below to learn how to identify your 2023 federal income tax brackets  The fact that Connecticut lottery winnings may not have been required to be reported to the IRS by the Connecticut Lottery Corporation does not excuse a winner

kuber lottery result State Taxes: Florida does not impose a state income tax, so you will not owe any state income tax on your lottery winnings Additional Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes