This includes income earned from casino games, slots, poker, lotteries, sportsbooks, racetracks, jai alai, keno, bingo and any other forms of gambling you may participate in. Gambling winnings are not taxed by the state of the Florida, but the federal government will still tax Florida residents on all gambling winnings. Are Gambling Winnings Taxable in Florida? All of these factors can make it difficult to keep track of what you owe on winnings in real-time, so it is recommended you save receipts on anything that does not trigger automatic withholding for an easier time come Tax Day. However, your effective tax rate (what you actually pay) can still be different than your marginal rate depending on what kind of deductions you take. Because your marginal rate is determined by all of your income sources and not just your salary, gambling winnings can push you into a different tax bracket than usual. With the federal progressive income tax system, you are assigned a marginal tax rate based on the tax bracket you fall into.
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