How much money will you get after taxes if you win the Powerball

How much money will you get after taxes if you win the Powerball florida lottery taxes For non-resident aliens, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on all prize amounts Internal Revenue Service ( florida lottery logo 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

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

florida lottery pick 3 history As Florida doesn't impose state taxes on lottery prizes, the winner only needs to concern themselves with federal taxes The jackpot ignited Florida Lottery winners collect $10k prizes after being told She did receive her $10,000 check, minus taxes “The thing I don't