when you win the lottery how much goes to taxes
If I won a lottery of 20 crore, how much will I get after tax deduction
when you win the lottery how much goes to taxes
when you win the lottery how much goes to taxes
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when you win the lottery how much goes to taxes Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn So after subtracting the cost of your ticket, you will owe federal income taxes on what remains How much exactly depends on your tax bracket,
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