Winner Of $ Billion Lottery Gets $ Million After Tax

lottery winning taxes
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lottery winning taxes State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get  While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding  Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

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