Mega Millions jackpot: How much will the winner pay in taxes

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How much in taxes do I have to pay on Florida Lottery winnings? If it's more than $5,000 the IRS requires the Florida Lottery to withhold 24

lotteries in other large states varied substantially, with California collecting about 1% and Florida just over 3% of their own-source general revenue from Mega Millions website Winnings are taxed Under Florida law, lottery winners who claim prizes of $250,000 or more do not have to reveal

slot array antenna 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 Lottery and Gambling Winnings · Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent (3