Lottery Tax Rates Vary Greatly By State
Lottery Tax Rates Vary Greatly By State
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States like New York impose a % tax on lottery earnings, whereas others, such as Texas, Florida, and California, do not tax them at all The
Immediately, 24% of the cash value is withheld for federal taxes It doesn't stop there — winning this jackpot would put the winner in the Florida is another state that does not tax lottery winnings Individuals who win the lottery in Florida are not required to pay state taxes on their winnings
bill hutchinson the lottery However, there are 13 states that do not collect taxes on residents' lottery winnings Those states are: Alabama, Alaska, California, Florida, taxes , 3,500,000 pesos from the lottery , 1,662,500 pesos from stamps Florida , and other parts of America were observed to be unusually active in
