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View Full Version : Florida lottery winnings


Oneill474
May 12, 2010, 12:37 PM
I know if you winIRS they take takes some money out like
Withholding. But how is it taxed. Is there a special tax for gambling winnings. Or can the winnings be incorporated with other income earned
At the end of the year.

JudyKayTee
May 12, 2010, 12:39 PM
If you can prove your losses you can subtract them from your winnings.

Or just claim it as income.

Fr_Chuck
May 12, 2010, 03:32 PM
They will withhold estimated taxes out, based on your status.
You can estimate from 25 to 30 percent withheld on larger lottery winnings.