How Do Taxes on US Lottery Winnings Work?

what is lottery tax
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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

The winner of the $ billion jackpot has hefty taxes coming IRS withholding takes $187992000 up front, and $101829000 more is due April

what was my draft lottery number in 1969 Ask for a detailed break out of all taxes at each step including federal, state and local income tax as well as estate tax

what beats a royal flush in poker Lottery and Gaming Taxes States use lottery and gaming revenues to fund a variety of public programs and services, including education and economic development