What Is the Tax Rate for Lottery Winnings? - Money

how many percent tax on lottery winning
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The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

how to cancel tesco delivery slot Frequently-asked questions about state lottery winnings are answered in Informational Publication 2011, Connecticut Income Tax Treatment of State Lottery

how do you win poker How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on