Tallying Up the Taxes on Lottery Winnings - TurboTax

what are the taxes on lottery winnings
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You'll pay roughly 40 percent in gift taxes Give three heirs $100,000,000 each, for example, and you'll pay $40 million in gift taxes, roughly,

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

what was the lottery number for last night Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows,

what does ante mean in poker Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%