Colorado Lottery: The tax bill for the $ Powerball jackpot

how much is the lottery taxed
➡️【Mk..com】✅Play online casino games at Casino. ✅Sign up bonus to play your favorite casino games online. Roulette, blackjack, slots and more. ✅  The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn how to play poker for kids Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains

how much is the lottery taxed According to estimates from , the winner of the publicized $ billion jackpot would earn $280,885,562, if they take the lump sum  The CT Lottery is required by law to withhold Connecticut state income tax on all gambling winnings that are either: 1) subject to federal  However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

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