How Are Lottery Winnings Taxed by State?

If you buy a winning Mega Millions ticket in California, Delaware, Florida tax lottery winnings This means if you live in those states

The jackpot is also subject to federal taxes There's no state income tax in Florida The winning ticket was sold at a Publix supermarket in

florida lottery numbers winning numbers Your lottery winnings will affect your tax liability How you receive your lottery winnings will affect your federal tax obligation It will immediately

florida lottery cash 3 cash 4 Generally, lottery winnings are treated as an annuity for estate tax The valuation of the annuity is made using the interest rates