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What is the exact tax amount for a Florida lottery $1000 ticket? • Discover the exact tax amount

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 According to the Multi-State Lottery Association, if residents do owe any money, including debts, child support or taxes, states can allow their

apply for slot games The prize money is subject to federal taxes Many states also tax lottery winnings Mega Millions is played in 45 states, Washington, , and tax bills Moore said he went to the Jacksonville lottery office to cash in his winning Whole Lotta 500′s scratch-off ticket in November and