Income Tax on winnings from Lottery, Game Shows, Puzzle

lottery winnings after taxes
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

If you are not a resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above Consult with your

lottery result w737 The lottery tracking group estimated a final Oregon tax rate of % or $ million, reducing the prize to a final payout of $329,792,812 In

lottery sambad 8224 If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from