All About Lottery Taxes

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Winner of Mega Millions $ billion jackpot claims prize in Florida—a state that does not tax lottery winnings Florida is a good place to hit

Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

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