Sweepstakes Winnings Income Tax Question

by Derek Jones
(Florida)

Sweepstakes Winnings Income Tax Question

Sweepstakes Winnings Income Tax Question

I recently won the Marlboro sweepstakes Prze 5000$ american express gift of travel along with a check for 1,700$ Due to illness I have been unemployed for the year with no income whatsoever and on foodstamps living with my elderly mother.

I am Male 38 years old. Will I have to pay any taxes on the win if my total income for the year was the 6,738.99 Total approximate retail value ( ARV ) from the win?

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Sweepstakes Winner In Florida


(Florida)

I live in Florida we do not have state income tax. I won a car thru a sweepstakes. I know I will be paying federal income taxes on it but what about state taxes?

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