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

Fla Admin Code Ann 53 ER 95-27 Lottery winnings are taxable under C §61 All subsequent statutory references

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

lottery ticket tax The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

lottery ny archives According to the Florida Lottery, games can be played and won by anyone 18 years of age or older, regardless of age, citizenship, race or