Smart tax strategies for lottery winners - Tax Insider

what amount of lottery winnings are taxable
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1 Tax Rate: Lottery winnings are categorized as Income from Other Sources and are taxed at a flat rate of 30% plus applicable surcharge and

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

what airports have slot machines The CT Lottery is required by law to report and withhold federal income tax on all gambling winnings valued at more than $5,000 (Under certain

what is the highest card in poker Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900