Income Tax on winnings from Lottery, Game Shows, Puzzle

how much do they tax the lottery
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Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4 In many countries, lottery winnings are taxed as ordinary income The exact amount of winnings that will go towards taxes depends on the

video poker machine games How Much Do Lottery Winners Pay in Taxes? Unveiled! Are you curious about the tax While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding