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Tax on Lottery Winnings by State 2023
You cannot net the winnings and losses for tax years 2020 and prior Starting in 2021 if you elected to itemize deductions on your federal return (you did not
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Lottery winnings are subject to federal and sometimes state taxes If you win big, plan for the taxes ahead of time Updated May 24, 2024
lottery 10k a month The winnings are subject to federal income tax withholding The tax withholding rate is 24% for lottery winnings, less the
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